Indian Business:
India's business environment has transformed at a faster pace in the recent past. India came a long way from the welfare-centered economy it used to be in the 1970s. In 1990s the country witnessed the emergence of a new India. The Indian markets were open for foreign companies and investors. More and more privatization began to take place and India turned into a more capitalized form of economy. The liberalization, privatization and globalization policy of 1991 opened up new horizons of opportunities for the Indian business.
Indian Business in the Present Scenario:
The scenario of Indian business has totally changed in the recent times. The surge in Indian commercial activities was due to the increase in the inflow of foreign funds, developments in the infrastructure, usage of advanced technologies, increase in the exports, outsourcing activities and many other factors. The growth of the Indian business has been the main factor behind the rapid growth of the economy.
Indian Business - Sunrise Sectors:
The Indian business sectors that have been performing well through development are the following:
- Information Technology Sector
- Business Process Outsourcing Sector
- Telecommunication Sector
- Electronics and hardware Sector
- Pharmaceuticals Sector
- Bio Technology Sector
- Banking and Insurance Sector
- Food Processing Sector
- Automobile Sector