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

In: The Knowledge Economy in India

Author

Listed:
  • Raj Aggarwal

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.

Suggested Citation

  • Raj Aggarwal, 2003. "Business Strategy and Corporate Restructuring in India: The Mutually Reinforcing Impacts of Economic Liberalization and Technology," Palgrave Macmillan Books, in: Frank-Jürgen Richter & Parthasarathi Banerjee (ed.), The Knowledge Economy in India, chapter 10, pages 178-196, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51298-6_11
    DOI: 10.1057/9780230512986_11
    as

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