Is India slowly becoming a "high cost economy"?

Question

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Answer 1

Becoming high cost, yes? But slowly? NO WAY. Look at how long it took for the U.S. economy to develop. We didn&#039;t become the dominant currency until the middle of the 20th century. India is exploding, and is quickly losing its popularity as a place to outsource labor for large companies. (At least certain industries.) I would expect to hear someone from India on the other end of the phone when you call a help center for a long time to come.

Answer 2

NO.  IT WILL NEVER.

Answer 3

VERY slowly. It&#039;s what all economies do as they get larger.