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Given the opportunities and hazards that outsourcing brings to the framework of Jammu and Kashmir's (J&K) socio-political environment, this study examines how outsourcing has helped the State grow economically. A global corporate strategy to reduce running costs and boost efficiency, outsourcing has been a primary engine of economic development in underdeveloped and war-torn countries. Emphasizing the prospects for new jobs, improved skills, and international investment, this paper examines role of outsourcing strategy in J&K from a governance, economic, and transaction cost standpoints. The research shows that the area suffers significant obstacles that hinder its ability to apply outsourcing for sustainable development properly. These cover political unrest, inadequate infrastructure, and a lack of knowledge. Based on qualitative data collected from semi-structured interviews with key stakeholders, the study explores how outsourcing might be best used in J&K. The results imply that the realization of the outsourcing potential of the region and promotion of long-term economic resilience depends on deliberate policy reforms, infrastructural development, and improved skill-building programs.
Keywords:
Outsourcing, Economic Development, Jammu and Kashmir, Transaction Cost Economics, Governance, Infrastructure, Job Creation, Skill Development, Political Instability.
Cite Article:
"Impact of Outsourcing on Economic Development of Jammu and Kashmir", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.10, Issue 4, page no.a659-a670, April-2025, Available :http://www.ijrti.org/papers/IJRTI2504085.pdf
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000389
ISSN:
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator