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In India, local products like traditional handicrafts and spices often face a choice between a strategic gambit and a risky gamble. A gambit involves a calculated move, such as launching a new marketing campaign for handmade textiles, which can lead to long-term growth. In contrast, a gamble might be investing heavily in untested markets without proper research, risking financial loss. For example, a small business selling Ayurvedic products might use a gambit by partnering with online platforms to reach more customers, while a gamble could involve expanding too quickly without sufficient capital. Understanding this difference helps Indian entrepreneurs make smarter decisions for sustainable success. |
