Companies emerged as major players from "summary" of A Business History of India by Tirthankar Roy
The transformation of companies into major players in the business landscape of India was a significant development that reshaped the economic dynamics of the country. These companies, often established by foreign traders and merchants, gradually expanded their operations and influence, becoming key drivers of economic growth and development. Through their innovative business practices, strategic partnerships, and access to resources, these companies were able to establish a strong foothold in various industries and sectors. The emergence of companies as major players was closely linked to the changing political and economic environment in India. With the arrival of European powers and the establishment of colonial rule, new opportunities and challenges emerged for businesses. Companies were able to leverage these changes to expand their operations, gain access to new markets, and establish lucrative trade routes. Additionally, the support and patronage of colonial rulers provided companies with a competitive advantage over l...
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