How has competition benefited people in India?

1. Lower Prices: Competition among companies means lower prices for products and services, making things more affordable for people.

2. Better Quality: To attract customers, companies focus on making better quality products, which benefits consumers.

3. More Choices: Competition leads to different brands and varieties of products, giving people more options to choose from.

4. New Technologies: Companies compete by introducing new and improved technologies, like better phones or gadgets, benefiting consumers with more advanced products.

5. Improved Services: Businesses strive to provide better customer service to attract more customers, resulting in improved services for people.

6. More Jobs: Competition among companies often leads to more job opportunities as businesses expand to meet demand.

7. Efficient Operations: Companies aim to work more efficiently to compete, which can lead to cost savings and potentially lower prices for consumers.

In summary, competition benefits people in India by offering lower prices, better quality products, more choices, new technologies, improved services, job opportunities, and efficient operations, ultimately enhancing their overall experience as consumers.