Emerging Dimensions of Trade, Business and Industry and North East Part of India: an Overview COMMERCE
Financial globalization and its aftermath have been marked by a surge in international capital flows among the industrial and developing countries. In line with the growing trade flows, the investment coming towards the emerging and transitional economies has also been on the climb in the recent period. Global Emerging Markets are now becoming strong player in shaping the investment destination and influencing the global business environment. Emerging markets now became preferred investment destination, once attractive for their natural resources or as a spring of discounted labour and economical manufacturing. Growing population, rising and balanced economic growth are making many companies look at emerging markets in a new fangled line of attack. Emerging trend in Indian business environment continued to arise following some key forces like, globalisation and financial integration, rapid industrialisation, technology fusion, changing demographics and media explosion. The advent of globalisation has exposed consumers of emerging markets like India to the western culture and lifestyle. In increasingly knowledge driven economy, emerging trends are key consideration in dayto day business decisions. New products, technologies and creative designs appear almost daily on the market and are the result of continuous human innovation and creativity. In line with the changing business environment which is appearing around the globe, India's North East too witnessed certain emerging trend in its market place. The present paper, thus, is a modest attempt to put light on the emerging dimensions of trade, business and industry with special reference to India's North East along with other relevant issues.