Business environment has undergone momentous changes in the last few years, with significant alterations to the world economic scenario. The ongoing economic recession, which had its origin in the USA, put the entire world economy in turmoil, having both direct and indirect impact on global economic development. This revised edition of Business Environment presents a thorough overhaul, updated with the latest information and developments. Ten new chapters, including Comparative Study of Business Environments in India, China, SAARC and European Countries, have been added to keep the book apace with the rapidly changing economic and political scenario of the world.