draw a timeline of reforms taken by the government of India to benefit from LPG from the post 1991 till date
Answers
Answer: Yes India has been beniffited because GDP has grown upto a significant percentage . The future in LPG in India has been promising with more and more important factors coming on the way . The republic of India stuck to socialistic economy restructuring in India .
Explanation: The former Prime Minister of India Dr. Manmohan Singh , was then the finance minister of India molded the rigid policies in the formulation of better for trade and industries .
The benefits are as follows :
LIBERALISATION
Increase in foreign investment
increase in foreign exchange reserve
reduction in dependence on external commercial borrowings .
PRIVATISATION
encouragement to new innovation
increase in foreign investment
increase in efficiency
GLOBALISATION
improvement in foreign trade policy
better export promotion
increase in foreign investment