how are markets being transformed in recent years? explain with current examples
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The various transformation in Indian market in recent years are
(i) There is availability of wide range of choice of goods and services.
(ii) Products are of better quality.
(iii)Good quality products qvailable at low costs.
(iv)We can easily avail the latest products with advance technology, e.g. Digital cameras, mobile
phones, etc. There products are affordable as well as accessible.
(i) There is availability of wide range of choice of goods and services.
(ii) Products are of better quality.
(iii)Good quality products qvailable at low costs.
(iv)We can easily avail the latest products with advance technology, e.g. Digital cameras, mobile
phones, etc. There products are affordable as well as accessible.
Answered by
1
The economy of our country has rapidly grown with the onset of LPG (Liberalisation, Privatisation and Globalisation) reforms in 1991.
MNCs play a vital role in the world market and as a result foreign investment in the country has increased.
Foreign trade effects in integration of domestic markets in different countries.
In recent times, technology in the areas of telecommunications, computers and internet has been changing rapidly.Globalisation has also created new opportunities for companies providing services, particularly those involving IT.
Also globalisation has enabled some large Indian companies to emerge as multinationals themselves. Tata Motors (auto- mobiles), Infosys (IT), Ranbaxy (medicines) are some Indian companies which are spreading their operations worldwide.
E.g. first there were markets which got transformed in mall and now online shopping.
MNCs play a vital role in the world market and as a result foreign investment in the country has increased.
Foreign trade effects in integration of domestic markets in different countries.
In recent times, technology in the areas of telecommunications, computers and internet has been changing rapidly.Globalisation has also created new opportunities for companies providing services, particularly those involving IT.
Also globalisation has enabled some large Indian companies to emerge as multinationals themselves. Tata Motors (auto- mobiles), Infosys (IT), Ranbaxy (medicines) are some Indian companies which are spreading their operations worldwide.
E.g. first there were markets which got transformed in mall and now online shopping.
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