Make in India Movement Innovation refers to the process of doing new things or doing old things that are already being done in new ways. It involves the transformation of creative ideas into useful applications, e.g., products, services, processes, techniques, etc. Creativity is a prerequisite for innovation. But creative ideas have little value unless they …
Liberalisation and Globalisation In order to overcome the foreign exchange crisis and speed up economic development, the Government of India announced a new industrial policy in July 1991. The Industrial Policy, of 1991 seeks to liberate the industry from the shackles of licensing, encourage foreign private participation in industrial development, and drastically reduce the role …
Manufacturing And Service Sectors Different Sectors of the Indian Economy The Indian economy can be divided into three broad sectors which are as follows: (Manufacturing And Service Sectors) Relative Significance of Three Sectors (Manufacturing and Service Sectors Of Business) In an underdeveloped country, the primary sector (agriculture and allied occupations) makes the largest contribution to …
Spectrum of Business Activities Business is all around us and it is the mainspring of modern life. But very few people understand its true nature and its role in society. The study of business is essential for training oneself for a carrier. The study of the principles and practices of business organizations helps in understanding …