There are a few business families that were well in existence before 1991

Agriculture & manufacturing were in shambles thanks to protectionism and inefficient practices. The one redeeming factor was in the realm of services, thanks to the huge pool of educated, English speaking graduates. IT & BPO were two sectors that received a heavy dose of investments from new-age entrepreneurs like Satyam Computers, Moser Baer & HCL Computers.

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Source:- IIPM Editorial

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative