Following points narrate the changes/upheavals related to Indian economy in the recent time:
- Liberalisation: The winds of liberalisation have brought about changes that have been unimaginable a decade ago or in the pre-liberalisation era.
- New products: New players both from India as well as abroad are entering in different products. This has forced the consumers to upgrade their choices and preferences.
- Competition: The competition in the market has become intense where firms are trying to protect their turf while new ones are making every effort to gain a foothold.
- Communication: Time and distance are rapidly shrinking with the growth and expansion of faster technology, communication, finance and transportation.
- Indian companies: Indian companies around the world are going global, which is intensifying competition and creating new activities in market.
