Question

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?​

Answer 1

Answer:

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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Answer 2

Answer:

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.

Explanation:

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