How has liberalisation of trade and investment policies help the globalisation process
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by liberalisation mnc can easily trade in different countries
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After liberalisation in 1991 in INDIA, we have developed at much fast rate.India has even become fastest growing economy of the world.
Globalization means that any country from any part of the world can trade anywhere in the world.
It has become easier for MNCs to come in India and set their business in India and also Indian companies can go abroad and set their industries which help in bringing foreign currencies here.
India has loosen its policies which have attracted more and more MNCs and helped grow its economy.
It has also generated more employment in india as our govt tie with the MNCs to set their industries here only.
So, it was a great step of liberalisation in India.
Globalization means that any country from any part of the world can trade anywhere in the world.
It has become easier for MNCs to come in India and set their business in India and also Indian companies can go abroad and set their industries which help in bringing foreign currencies here.
India has loosen its policies which have attracted more and more MNCs and helped grow its economy.
It has also generated more employment in india as our govt tie with the MNCs to set their industries here only.
So, it was a great step of liberalisation in India.
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