Question

5. Which of the following is the effect of liberalization and foreign direct investment on the
iron and steel industry of India?
a. High costs and limited availability of coking coal
b. Irregular supply of energy
C. Boost to the industry
d. Agricultural development​

Answer 1

Explanation:

 It leads to integration of Indian manufacturing units with the larger global economy. It also leads to increase in labour productivity with the adoption of new technology. Production and export of steel has increased at a higher rate after liberalisation.