Question

Examine the impact of liberalisation and new economic policy of india.

Answer 1

Ans-- 1/ Licensing system on capital goods, intermediate goods and raw material etc eliminated.

2 / Simplication of procedures

3/ Banks were allowed to lend fix rates.

4/ Freedom in fixing prices

5/ Import should reduce and export should abolished.

Answer 2

Explanation:

Liberalisation: Positive and Negative Impacts on Indian Economy Liberalisation in India:

• There has been a revolutionary change in Indian Economy since the espousal of the New Economic Strategy in 1991.

• This had great impacts on all the areas of life in India. When a nation becomes liberalised, the economic effects can be intense for the country and as well as for the investors.