Conclusion
The Indian industry is on the threshold of drastic overhaul, which will have implications on even the most fundamental aspects of business. We can expect to see overwhelming changes occurring in a dramatically short period of time.
In such a scenario, it is imperative on Indian Industry to capitalize on the changes in policy in order to survive in a competitive environment. Interestingly, the change will be both policy driven and at the same time business-driven. This is where "Restructuring" comes into play as it offers avenues to adapt to turbulent times competitively.
In most situations human and social capital, or, to put it simple, the way company treats workers and community, become important sources of competitive advantage. Of course, even the most socially sensitive companies go through restructuring when they have to. Very often, the purpose of restructuring is not only financial and economic improvement of enterprise performance, but also the very enterprise survival. We are far from saying that the companies could and should not go through restructuring. In many cases, restructuring is the only solution. However, we believe that restructuring could be carried out in a socially sensitive way. In other words, companies could try to maximize economic benefits through restructuring and, at the same time, address the needs of employees and communities.