Technological disruptions reshaped industries from "summary" of A Business History of India by Tirthankar Roy
The history of business in India has been marked by the transformative impact of technological disruptions on various industries. These disruptions have fundamentally altered the way businesses operate, leading to significant changes in production processes, market dynamics, and consumer behavior. One key example of technological disruption reshaping an industry is the advent of the Green Revolution in the 1960s. The introduction of high-yielding varieties of seeds, along with modern irrigation techniques and fertilizers, revolutionized agricultural practices in India. This technological innovation not only boosted agricultural productivity and output but also transformed the country from a food-deficit nation to a food-surplus one. Another significant technological disruption that reshaped industries in India was the liberalization of the economy in...
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