Discuss the impact of liberalization on indian business
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Removal of restrictions on the movement of goods and services across the country, freedom in fixing the prices of goods and services, reduction in tax rates, simplification of procedures for imports and exports and easier paths to attract foreign capital and technology in India.
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Explanation:
Political Risks Reduced: Liberalisation policies in the country lessens political risks to investors. The government can attract more foreign investment through liberalisation of economic policies. ... On account of liberalisation, competition has increased for the Indian firms.
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