Question

explain the term Liberalization . In what ways have the Indian business house / management responded to this change?​

Answer 1

ANSWER:

Liberalisation refers to the relaxation of the previous government restriction usually in area of social and economic policies.

Change is relentlessly stalking the oldest business institution in the country, transforming both the form and the content of the business family. Indeed, the survival of many of India's biggest business houses 50 years from now appears to be uncertain. A paradigm shift.

Hope it helps