How did liberlization policy help in progress of manufacturing?
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Heyy mate...
Trade liberalization promotes free trade, which allows countries to trade goods without regulatory barriers or their associated costs. ... Increased competition from abroad as a result of trade liberalization creates an incentive for greater efficiency and cheaper production by domestic firms.
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The economic liberalisation in India refers to the economic liberalisation of the country's economic policies, initiated in 1991 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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