Paper Details

In the business world, the current decade is marked by fierce rivalry. Companies all across the globe, particularly in rising economies in third-world nations, are seeking to adapt to the changing business climate. India is one of the important countries that both withstands and combats competitive pressures from large firms in the face of very unpredictable rivalry throughout the globe. From consumer durables and cosmetics to healthcare items, India controls a significant portion of the industry. The world just recently realized the potential of this third-world nation, and as a result, businesses from all over the world are striving to explore the chances that this sub-Asian continent offers. At the same time, multinational businesses are mindful of the looming danger of Indian intellectual currency. The Indian economy is undergoing massive policy changes as a result of the new BJP government's overwhelming majority in parliament. The global economy is likewise going through a difficult period, with the Euro under growing strain. The US economy is showing indications of improvement as well. In light of this, it is vital to investigate current developments in the Indian business environment in order to comprehend the Indian economy and the changes it is through, particularly under the new Modi government and in light of the changing global context. The purpose of this study is to look at how the business climate is evolving both nationally and worldwide. It also investigates the prospects for Commerce and Management's survival in the Indian economy.

Business Environment, Reforms, Globalization, Opportunities, Indian economy