Question

How did the Indian economy adapt to globalisation?Comment.

Answer 1

the economic reforms of 1991 led to liberalisation, privatisation, globalisation of indian economy.
globalisation refers to the worldwide movement towards economic, financial, trade and communication integration. the finished goods also find a place in the global market. it is the linkage of global markets with national markets
it was adapted by boosting exports, "make in india" scheme, reducing taxes and duties to exports, reduction of cess etc.
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