Business Strategy and Corporate Restructuring in India: The Mutually Reinforcing Impacts of Economic Liberalization and Technology

Raj Aggarwal

Chapter 10 in The Knowledge Economy in India, 2003, pp 178-196 from Palgrave Macmillan

Abstract: Abstract The Indian economy has been on a deregulatory path since at least the early 1990s and the process of economic deregulation and external opening seems to be accelerating. These changes are forcing Indian business to become domestically and globally competitive and it faces major changes in corporate structure and management culture. There are a number of trends that are accelerating this process. First, deregulation and global opening of the Indian economy is firmly established and unlikely to reverse regardless of the type of government in power (though its speed may vary). Second, Internet-based technologies are rapidly being implemented in India. These technologies speed up business processes, eliminate most impacts of distance, and generally reduce transactions costs.

Keywords: Transaction Cost; Indian Economy; Business Strategy; Business Group; Economic Growth Rate (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51298-6_11

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DOI: 10.1057/9780230512986_11

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