2011 would be tough for many businesses worldwide. In a report submitted by Ernst and Young, world business won’t be as easy as it was in 2010. The challenging environment of business globally will make the business very competitive for entrepreneurs and business players.
Although, there are mixed response to what business could attain in the coming year. Some say that developed markets worldwide will achieve great success. There would be less competition, and thereby more flourishing, while the emerging markets may have to go through the rough.
The influx of the outside companies and the concentration of the local companies would play a part in making the business environment more challenging in the emerging market. There would be intense competition among the business players, as both developed market and the local market would try to capture the bigger share of the market.
However, countries like India stand to gain more in the year 2011, as the optimistic present GDP growth of 8.5% would effect a greater economic growth in the country. Such huge GDP growth in any circumstances provides great potential for growth, though, there are likely to be more competition in Indian market.
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