Question

what are the reasons for prioritizing rationalization in the early days of independence and the recent emphasis of privatization ​

Answer 1

Answer:

Post-independence India had adopted a very conservative economy that was practically shut to the outside world. But as time went by, Indian leaders and economists recognized the need to merge with the global economy. So in 1991, India went through some very major economic reforms. Let us focus on one such aspect of the reforms – privatization in India.

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