Abstract:
The global economy is currently in a state of flux. In order to cope with very rapidly changing business environment, the India business must fully understand the nature and implications of change. In this context, the two objectives of this paper are to explain the emerging enterprise-paradigm, and to discuss the implications of one of the economic reforms namely, interest rates deregulation. The paper shows that the character by becoming more socially-oriented if it wants to manage change successfully. It also shows that as a result of interest rates reforms, the Indian business will be facing greater volatility of interest rates. It argues that factors and domestic monetary policy will become irrelevant in determining interest rates in India.
