recently the government of India has taken a number of measures to attract foreign capital and technology. which economic reform is the reason for this step?
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Measures Adopted to Promote Globalization in India
Measure 2# Imports of Gold and Silver:
Measure 3# Market-Determined Exchange Rate:
Measure 4# Convertibility of Rupee:
Measure 5# Liberalisation of Foreign Investment:
Portfolio Foreign Investment:
Explanation:
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Many steps have been taken to attract foreign investment. ... (a) In 1991, 51% of foreign investment in 34 high priority industries was allowed without seeking government permission. (b) Non-Resident Indians (NRIs) were allowed to invest 100% in the export houses, hospitals, hotels, etc.
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