Hurray! Consumers get myriad choices in 2014

The New Year 2014 will give consumers lot of choice to look for, as new banks, global retailers and new airlines are setting up business in the country following the Reserve Bank of India (RBI) plan to give licenses in early 2014 to set up more banks.

In 2014, India will get its first global retail chain in the multi-brand sector, as the government would approve the proposal of British retailer Tesco which has joined hands with Tata-owned domestic chain Trent, reported media.

The aviation sector will also see two new airlines - Air Asia's domestic venture and Tata-Singapore Airlines – having more capacity and connectivity to many cities. 

Broadband users can also cheer up, as Reliance Jio's 4G project is expected in 2014. This will be in an addition to the 4G services, which is already being offered by Bharti Airtel in several circles.

Mobile technology will also see new entrance, as Xbox1, iPhones with bigger screens and smaller and quicker tablets. Wearable cell phones and smartphones with curved screens are believed to be a game changer in the communication. 

Insurance policy buyers can also expect good options, as with new pension law in place in 2014 would offer policy buyers for retirement solution a better regulation and more choice of products.

Moreover, purchasing gold possibly will also become easier as improved foreign exchange management can offer room for maneuvering on the import and pricing of gold to policymakers.