Liberalization and it's steps
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Removing barriers or restrictions set by the government is known as liberalisation: (i) The Indian government, after Independence, had put barriers to foreign trade and foreign investment. This was considered necessary to protect the producers within the country from foreign competition.
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Removing barriers or restrictions set by the government is known as liberalisation.
- The Indian government, after Independence, had put barriers to foreign trade and foreign investment.
- With libralisations of trade, businesses are allowed to make decisions freely about what they wish to import or export.
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