Question

Economic Environment in India???
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Answer 1

Economic environment definition

As a component of economic reformations, the government of India declared a new industrial system in July 1991. ... The government decreased the number of enterprises below mandatory licensing to six. Many of the businesses held for the public sector under the initial policy were justified.

Answer 2

Answer:

The economic environment relates to all the economic determinants that influence commercial and consumer compliance. As a component of economic reformations, the government of India declared a new industrial system in July 1991.