Q 1.Explain the effect of change in government policy?
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Q 1.Explain the effect of change in government policy?
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Answer:
Impacts of Government Policy The New Industrial Policy, 1991 brought reforms in terms of Liberalisation, Globalisation and Privatisation. These had a major impact on the working of enterprises in business and industry. These have posed several challenges to the Indian corporate sector. They are:
Technological environment Increased competition force the firms to develop new ways to survive and
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