Question

Liberalisation and___ have given boost to the industry with the efforts of private entrepreneurs​

Answer 1

Answer:

foreign direct investment

Explanation:

Liberalisation and foreign direct investment have given boost to the industry with the efforts of private entrepreneurs​

Answer 2

Liberalisation and foreign direct investment have given boost to the industry with the efforts of private entrepreneurs​.

• By removing the iron and steel sector from the list of industries that are only accessible to the public sector, the iron and steel sector became available to the departments of private investment.
• The market is currently very much more focused on buyers than the sellers. Steel production and capital costs have drastically decreased as a result of lower import taxes on capital products. The iron and steel sector also encourages the large-scale investment needed for technological discovery and advancement.
• Also, creation of new plants in iron and steel sector helps in the expansion and improvement of capacity in the current facilities. As a result of this, manufacturing facilities in India are integrated into the much greater global economy.

Hence, Liberalisation and foreign direct investment have given boost to the industry with the efforts of private entrepreneurs​.

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