Question

Define Liberalisation...???​

Answer 1

Answer:

the removal or loosening of restrictions on something, typically an economic or political system.

Answer 2

Answer:

Liberalisation is the process or means of the elimination of control of the state over economic activities. It provides a greater autonomy to the business enterprises in decision-making and eliminates government interference.

Explanation:

Liberalisation in India

Since the adoption of the New Economic Strategy in 1991, there has been a drastic change in the Indian economy. With the arrival of liberalisation, the government has regulated the private sector organisations to conduct business transactions with fewer restrictions