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Business Environment (Impact of Government Policy changes on Business and…
Business Environment
Economic Environment in India
(1) Economic Structure
Ca
pitalis
t,socialist and mix
ed
are th
re
e ma
in
econ
omic
struc
tu
res
(3) Economic Policies
There ar
e var
ious economic
po
licies,which influenc
es
the busine
ss
deci
sio
ns,like policy,fis
cal
poli
cy.
(2) Economic Planning
Eco
nomi
c P
lan
ning gives a dire
cti
o
n t
o the cha
n
ge
s i
n the eco
nom
ic envir
on
ment
Economic Indicators
The f
unctio
ning of an ec
on
omy is refl
ect
ed in
eco
nomic indic
ato
rs like
NDPs
,distribu
tion
of nat
io
nal Inc
o
me
Features
2.
Wide
spr
ead commun
ica
ble dis
ea
ses
3.
Hig
h
infant m
ort
ality r
ate
s.
1. Obs
ol
ete &
out
da
ted te
ch
nology w
as
used in pro
tect
ion.
4.
Impr
oper
pu
bli
c hea
lth s
yst
em
.
Impact of Government Policy changes on Business and Industry
(1) Increased Competition
.
New Indi
an
Com
pan
ies.
.
Multina
tional
Compan
ies
.
Im
po
rt
2.More Demanding Customers
Wit
h th
e adv
ent of
economic refo
r
ms,cus
to
mer has become mor
e e
ducat
e
d and more knowle
dg
eable
3.Large availability of Foreign Funds
T
h
e ne
w
econom
ic
policy h
a
s ma
d
e the av
ail
abilit
y o
f for
ei
gn fun
d
s
eas
ier than bef
or
e
4.Human Resource of Development
Tod
ay
's ne
ed
is of thoroug
hly
accompl
ish
ed hu
m
an reso
urce
, wel
l
e
q
uipped w
it
h late
st
information.
5.Market Orientation
Firs
tly
mar
ket is
surve
yed
,the prod
ucti
on is don
e o
n the basi
s of tast
es and pre
fer
ences of custo
m
ers.
6.Growth of Small Scale Industries
New industrial policy has been framed for the village,tiny &small scale industries .
Conclusion
it can be said that economic reforms have a positive impact on the Indian business and industry.