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“Inspite of global economic crisis India is expected to achieve a growth rate of 6.8% in the F.Y. 2015-16.” In the Hight of the above statement briefly explain the impact of Government policy changes in business and Industry.

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(1) Competition for Indian firms has increased. 

(2) The customer’s wider choice in purchasing better quality of goods and services. 

(3) Rapid technological advancement has changed/ improved the production process.

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