Question

list three major measures taken for integrating indian economy with world economy​

Answer 1

Integrating with the economies of other countries is very must for a nation to increase its status and trade and foreign reserves...

So to integrate the Indian economy with the economies of outer countries we took the following measures...

• Globalization

It is the process to integrate the economy of our country with the economies of other countries..

And India in 1990 adopt this policy to increase is foreign exchange reserves and enhance his standard..

By this a great impact occur in India, we took the western culture as well as it increase the consumer sorverginity in the market...

• Increase in FDI and FII

India increase its Foreign Direct Investment and foreign institutional investment to integrate with world.

If supplies lots of new technologies in our country and the MNC gives the great contribution to increase the Infrastructural sector of our country..

• Remove the trade barriers

Trade barriers are those restriction who stops the exports and imports but to integrate with world India remove the barriers...

These removal increase the ability to export in India and to import also to fullfill the needed demand to certain goods..

• Participating in WTO agreements

WTO is that organization who sure the free trade among the world and a transparent in trade..

India being it's members and increase its trade with the world by this It got lots of profit ..

This all integration was done under the LPG policy of India stands for -

Liberalisation

Privatization

Globalization