|India's business environment has transformed at a faster pace in the recent past. In 1990s the country witnessed the emergence of a new India. The Indian markets were open for foreign companies and investors. More and more privatization began to take place and India turned into a more capitalized form of economy. The liberalization, privatization and globalization policy of 1991 opened up new horizons of opportunities for the Indian business.
The business sectors that have performed well through development are Information Technology Sector, BPO sector, telecommunication sector, electronics sector, bio technology sector, pharmaceuticals sector, food processing sector, banking and insurance sector and automobile sector.
Basically, the growth of the Indian business has been the main factor behind the rapid growth of the economy.