Question
How have markets been transformed in recent years? Explain with examples.

Answer

In a matter of few years, our markets have been completely transformed. The goods which were earlier beyond our reach are now widely available in our markets. We have wide choice of goods and services available before us. This all is made possible because of the process of globalisation. Markets in India are selling goods produced in other countries. Moreover, there is a rise in number of brands that we see in the markets, which might be produced by the MNC’s in India.
For example:
Today we Indians are buying cars manufactured by nearly all topmost companies of the world like BMW, Volkswagen, etc.
Earlier we use to have traditional phones now a day we all are carrying latest branded smart phones made by leading manufacturers of the world.

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