Question

Describe any three effects of liberalisation on the Indian economy???

Answer 1

Answer:

here your answe

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Explanation:

Liberalisation means the opening of the country for foreign investments and capitals. Trade barriers are often used by countries to protect the domestic industries from the products of foreign land. Usually countries resort to impose Licenses, Import quotas or Voluntary export restraints to protect local markets.

Producers: Tough competition faced by the producers in the native country by the producers of foreign markets

Workers: Job insecurity, denial of fair share in the benefits brought about by globalisation.

Other impacts:

Increase in the foreigh trade

Increase in foreign investment

exchange of technology between countries.

Better means of communication have developed alongside globalization

Better job opportunities for people gave rise to migration

Answer 2

Answer:

Hey mate here is your answer :

Effects of liberalisation on Indian economy :

1.) Liberalisation has increased the economy of the country by increasing trade.

2.) Many peoples are not able to get proper job facilities even in organised sector. It has made peoples to work for extra work.

3.) Liberalisation has increased trade in India. More and more companies / MNCs are came in India.

4.) It has also lead to the declining of some business which has created problems.

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