Policies (LPG) of a government for business and industry play an important role in their working.support the statement by giving any four valid reason
Answers
Answer:librelization
Privatisation
Globalization
Is the full form of lpg
Explanation:
So here we see that first company to do trade in India was east India Company. This company consists of Britishers who ruled india. For again not coming of rulers the first ever government of independent India decided to not to do foreign trade. Our country's economy started to fall by seeing this forthcoming government decided to do foreign trade which led to allowance of LPG i.e. librelization privatisation globalization.
LIBRELIZATION
It means that all the industry is free from trade and tarriff policy
government allowed foreign industry
to invest and nurture the Indian industry
PRIVATISATION
It means that every public has the right to open his business and start trading and also here government allowed foreign people can also invest in India to nurture trade in India
GLOBALIZATION
It means that whole world is a place of doing trade here government allowed people from any country can do trade or occupation in india