How have our markets been transformed in recent years

• Globalisation & Indian Economy (C10)

How have our markets been transformed in recent years? Explain with examples.

Answer

Markets been transformed in recent years:

1. We have a wide choice of goods and services before us.

2. The latest models of digital cameras, mobile phones and televisions made by the leading manufacturers of the world are within our reach now.

3. Example: every season new models of automobiles can be seen on Indian roads.

4. Today, Indians are buying cars produced by nearly all the top companies in the world.

5. A similar explosion of brands can be seen for many other goods; from shirts to televisions to processed fruit juices.