Which characteristic is associated with India’s economy?

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Prepare for the UCF GEB3375 Intro to International Business Exam 2. Enhance your skills with multiple-choice questions, detailed explanations, and strategic tips. Boost your confidence and excel on your exam day!

India's economy is best characterized as a service powerhouse due to its significant contributions from the service sector, which accounts for a substantial portion of the country's GDP. The country has emerged as a global leader in information technology and business process outsourcing (BPO), attracting international clients and companies seeking cost-effective solutions. Cities like Bangalore, Hyderabad, and Pune are renowned for their tech hubs and startups, showcasing India's capability to deliver a wide range of services, from IT support to customer service.

In addition to IT services, India has a vibrant and growing infrastructure supporting various other services like hotels, travel, finance, and entertainment. The combination of a young, skilled workforce and widespread English proficiency has further enhanced India’s position as a service powerhouse on the global stage. This focus on services over other sectors like manufacturing or heavy resources marks a significant aspect of India's economy today.