Question

explain the recent trends towards liberalisation​

Answer 1

Answer:

Liberalization of the economy means its freedom from direct or physical controls imposed by the government. Contents [hide] Background. Industrial Sector Reforms under Liberalization. Abolition of Industrial Licensing.

Answer 2

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Recent trends towards liberalisation :-

• To increase competition amongst domestic industries.
• To encourage foreign trade with other countries with regulated imports and exports.
• Enhancement of foreign capital and technology.
• To expand global market frontiers of the country.
• To diminish the debt burden of the country.

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