May 2024
Intermediate to advanced
688 pages
51h 31m
English
Content preview from Business Environment, 1st Edition by Pearson
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Chapter 22: The Indian Economy | 259 |
fi rst-generation entrepreneurs. The IPO boom of 1993–94 and SEBI
allowing free pricing in public issues offered easy access to cheap
and easy capital. Soon, angel investors and venture capitalists landed
in India. In the United States, non-resident Indians like Sabeer
Bhatia of Hotmail-fame came to be recognized as an entrepreneurial
community. Around this time, several internet-based ventures came
to be established paving the way for setting up of Indian business
process outsourcing (BPO) and later on, information technology
enabled services (ITES) enterprises.
Despite the license raj and later on the intense competition from
MNCs and public sector enterprises, family-promoted groups that
were large ...
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