Business environment in India has improved considerably after the initiation of economic reforms in early 1990s. Domestic and foreign investors are finding it easier to do business after the reforms which are aimed at reorientation of the centrally controlled economy to a market-oriented one in order to foster greater efficiency and growth. This is being done by introducing greater competition in the economy through progressive internal deregulation accompanied by external competition promoted by foreign direct investment and trade liberalisation. No area of the Indian economy has been as much influenced by the impulses of reforms as the industrial sector. This work comprises 21 research papers dealing with various aspects of current business scenario in India. The papers, authored by experts in the field, examine economic policies of the Indian Government and throw up issues for discussion among academicians, policy makers and others interested in latest trends in the Indian economy.