Recently many companies have planned for significant investment in organised retailing in india. Various factors which have encouraged companies to take these decision are customer income is increasing, rise in standard of living of people. People are ready to pay high price for quality goods, government policy of liberalisation regarding MNC entry and FDI, etc.
(a) Explain briefly changes in business environment under different heads that have facilitated the companies' decision to plan significant investment in retailing.
(b) What has been the impact of these changes with regards to globalisation and privatisation ?