Question

Briefly explain the important areas of liberalization

Answer 1

Answer:

Economic liberalization is generally thought of as a beneficial and desirable process for emerging and developing countries. The underlying goal of economic liberalization is to have unrestricted capital flowing into and out of the country, boosting economic growth and efficiency.

Explanation:

The main objectives of the liberalisation policy are as follows: To increase international competitiveness of industrial production, foreign investment and technology. To increase the competitive position of Indian goods in the international markets. To improve financial discipline and facilitate modernisation.