In the current era, the Indian economy is taking place as a global economy and facing so many challenges in worldwide perspective. The success of any economy totally depends upon the business environment, can be classified as economic environment and non- economic environment.
The economic environment of the business consists of many factors such as monetary policy, fiscal policy, industrial policy, price and income equations, economic system, economic development, etc. The non-economic environment of business includes social, cultural, political, legal, technological factors, etc. The economic growth and economic development are considered as the measures for the nation’s overall growth
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