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Citation Information

Type Journal Article - Asian Journal of Business and Economics
Title Globalization of tobacco industry and its impact on Indian revenue
Author(s)
Volume 1
Issue 1
Publication (Day/Month/Year) 2011
URL http://onlineresearchjournals.com/ajbe/art/53.pdf
Abstract
Globalization is a multifaceted phenomenon. This subject has assumed great significance in the light of recent changes in the global business environment and national economy. Globalization means adopting a global outlook for the business and business strategies aimed at enhancing global competitiveness. Globalization has made tobacco industry prosperous. The scope of tobacco industry in India is higher as compared to other sectors. Even though the medical issues are negative related to the mentioned sector and the media is always attempting to curtail its growth, the same is indispensible to the economic life of our nation. In India the consumption of adductive has undergone significant transformation from its royal usage to reaching homes of common people. Ethical and medical concerns are many, yet potentiality of tobacco industry is phenomenal and India in this sector could be World’s leading player. The paper presents empirical data on the revenues being earned at present due to tobacco industry and highlights the possibility of its enhancement in a much greater magnitude. In accordance with the existing status of the sector its impact on Indian revenue is unveiled in this paper.

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