Indian Market - development model:
Business in country is famous, mostly liked occupation. Few people have this ‘entire family into business’ factor, other than that motivations behind the growth of business in India comes from the success stories of many big guns and Indian origin businessman all over the world. India being the largest democratic country, hold all the power in citizens of this country. Along with population, we have developed a good market sector after 1947’s freedom even after having very few resources. Growth model of India, as every other model related to this country has no fixed factors and linearity. Diversity and changes in society has brought big ups and downs in Indian market. But it survived. Other than political corruption and scams affecting economy of this country and loss of faith in government, we’ve been putting pretty well international impression.
1. Talking about the development model, considering these factors of Linear model of innovation: invention > Innovation > Diffusion has very great impact. Inventions are the scientific development and designs supported by technology in order to improve the ease of life. Innovations are modifications based on some new methods or ideas in currently existing technology and schemes. Diffusion is about spreading the innovations and invention according to their domain and need of market covering a large area. These three make the market development motivations effective and generous.
2. Market and consumers have a push and pull relations. Demand and supply has been a very old concept of progress. We had demands and needs of things and we invented and supplied them to people in need. Technology is serving following the same traditionally used model of progress that simply says: “supply technological development as you feel that can be considered as growth or supply it is people need it.” Science has always pushed the technology in order to support the luxurious lifestyle improvement. Whenever there is a stability in market science and technology come up with new Ideas to serve the humanity and to help people voluntarily. This is one factor that enhanced technology in our lives. Other factor is totally the demand. You need it, you make it. You develop it supply it. People earn and become rich. This is how it’s all working.
Both linear model of development of Indian market and growth model of push-pull relation in market and humans have supported the growth. Growth and development model of a developing nation is an interesting thing to study about. Model of India’s growth has so many variations and we don’t actually follow some particular model of development but we follow a mixture of techniques that forms a model. These two techniques linear model and push-pull model are just based on market research.
Top business giants in country are contributing in nation’s growth however loot and scams makes the resultant growth.