Question

Explain the various liberalisation measures under taken by the government of India.​

Answer 1

Answer:

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Explanation:

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Answer 2

Measures of liberalisation taken by the Government of India are: 1. Exemption of industries from licensing - All industries except alcohol, hazardous chemicals, cigarettes, drugs, electronic aerospace and explosives are exempted from industrial licensing. ... Expansion of industries - There is no ceiling for capital.pros of Liberalisation are,

1. Removing tariff barriers and, therefore, reducing the products or services prices for consumers.

2. Trade liberalisation will increased competition from abroad.

3. Encourage incoming investment.Liberalization is a broad term that usually refers to fewer government regulations and restrictions, mainly on economic activities. Liberalization is a change in the economic philosophy of a state. Core features of liberalization are: a change in the attitude of the state towards an industrial society.The one important role of liberalisation is to the ease government controls to encourage economic development