Question

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write how the economic reform in india is influenced by LPG

Answer 1

Answer:

The reforms were comprehensive and extensive as it covered all sectors- trade, investment, industrial sector, financial sector, public sector, fiscal sector etc. The new industrial policy introduced in 1991 is the central point of the economic reforms.....

Answer 2

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♦ LPG stands for Liberalization, Privatization, and Globalization.

♦ India under its New Economic Policy approached International Banks for development of the country.

♦ These agencies asked Indian Government to open its restrictions on trade done by the private sector and between India and other countries.

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