Market liberalization opened new opportunities from "summary" of A Business History of India by Tirthankar Roy
The opening up of markets in India brought about a significant transformation in the business landscape of the country. With liberalization, new opportunities emerged for both domestic and foreign businesses to enter and compete in various sectors. This shift away from protectionism towards a more open economy led to increased competition, innovation, and efficiency in the market. Market liberalization allowed for greater access to foreign investment, technology, and expertise, which in turn, helped in the modernization and expansion of industries. Domestic businesses were also able to benefit from this liberalization by tapping into new markets, forming strategic partnerships, and adopting best p...
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