Growth Strategy and Capabilities Building by Indian Enterprises

India has witnessed significant change and dramatic shift in its economic and business environment over the last six decades. Its’ economy has become more open, liberalized and globalized from restrictive era of 1960’s and 1970’s. The relationship between state and business has also undergone significant change. The nature of Government and governance is changing fast. The nature of business operation and management is also changing with the ever-­‐changing nature of consumer and technology, opening up of new markets and sector, emergence of new competitors with new products, service-­‐offerings and business models, growing demand for ethical and socially responsible business. The paper aims at examining the growth of Indian business enterprises and the changes in the economic and business environment over the last few decades. The numbers of challenges before the Indian corporate sector are identified. The implications of these challenges for capabilities building in Indian enterprises are discussed. The paper has been structured as follows: first, growth of the Indian business has been discussed, then changing business environment and the challenges are described, lastly the implication for capability building in Indian business is outlined