Question

give the meaning of liberalization and explain the changes which came about with it in India​

Answer 1

Answer:

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.

Explanation:

Answer 2

Liberalization refers to the process of removing unnecessary trade barriers.

Explanation:

1. Liberalization is the economic policy of removing unnecessary regulations and barriers to the process of trade and businesses in the economy.
2. Liberalization has improved the opportunity of establishing new businesses in India. With the liberalization of the Indian economy, establishing new businesses as well as operations has become easier.
3. Tax rates are reduced and special economic zones are provided to motivate people to start new economic activities.
4. Liberalization is great for boosting the economy of any country and solving financial problems.