Question

List three major measures taken for integrating indian economy with the world economy

Answer 1

Heya.

Major measures taken for integrating our economy with world economy...

* Globalization...

It is the process of integrating our economy with other economies and it was initiated in India in 1991 under the new Economic Policies....

* Remove of trade barriers...

The import duties and charges with the export provision was done in India for free trade and integrating our economy with world trade....

* Agreements with WTO...

India has signed the trade agreements with world trade organization to settle a transparent and free trade in world...

Answer 2

Three major measures taken for integrating the Indian economy with the world economy are

Globalization:

• The global circulation of labor, capital, technology, information, and ideas is called Globalisation.  

Remove of trade barriers:

• Trade barriers are restrictions imposed on foreign trade to control and regulate the trade in some or all commodities.

Agreements with WTO:

• World Trade Organisation (WTO) is a global body that aims at liberalising international trade. It was begun at the capability of the developed countries.

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