Economic policies influenced business strategies from "summary" of A Business History of India by Tirthankar Roy
The relationship between economic policies and business strategies is a complex and dynamic one that has evolved over time in India. From the colonial era to the post-independence period, government interventions and regulations have played a significant role in shaping the decisions and operations of businesses in the country. During the colonial period, economic policies were largely geared towards serving the interests of the British Empire. This often meant restrictions on Indian businesses in order to protect British industries and maximize profits for the colonizers. As a result, Indian entrepreneurs had to navigate a challenging regulatory environment that influenced their strategies and decision-making processes. Following independence, the Indian government adopted a more interventionist approach to economic planning, with an emphasis on state-led industrialization and import substitution. This led to the implementation of policies such as licensing, quotas, and tariff...
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