The document discusses the changing Indian marketing environment and the challenges it poses for companies. Key points include: - The Indian population is growing rapidly and becoming more urbanized and educated, expanding the middle class. Rural markets are also growing impressively. - New economic policies since the 1990s have liberalized and opened up the Indian economy, increasing competition from both multinational and domestic companies. - Marketing challenges in this new environment include increased competition from new domestic and global entrants, demands for competitive pricing and high quality from consumers, and the need for Indian companies to export and go global.