Explain the process of liberalization of trade in India.
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The economic liberalisation in India refers to the economic liberalization of the country's economic policies with the goal of making the economy more market and service-oriented and expanding the role of private and foreign investment
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Trade liberalisation, as a part of economic reforms in India, was initiated during 1991 through various measures like easing of quantitative restrictions on imports and reduction in import duties across all the segments of the industry and agriculture.
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