Question

What are the recent trends of liberalisation.,

Answer 1

Answer:

economic liberalisation of the country's economic policies, initiated in 1991 with the goal of making the economy more market- and service-oriented, and expanding the role of private and foreign investment.[1] [2] Specific changes include a reduction in import tariffs, deregulation of markets, reduction of taxes, and greater foreign investment. Liberalisation has been credited by its proponents for the high economic growth recorded by the country in the 1990s and 2000s. Its opponents have blamed it for increased inequality and economic degradation. The overall direction of liberalisation has since remained the same, irrespective of the ruling party, although no party has yet solved a variety of politically difficult issues, such as liberalising labour laws and reducing agricultural subsidies.[3] There exists a lively debate in India as to whether the economic reforms were sustainable and beneficial to the people of India as a whole.[4][5]

Explanation:

Answer 2

Answer:

hlo

your answer is here !

Explanation:

This new model of economic reforms is commonly known as LPG or liberalization, privatization and globalization model. The primary purpose of this model was to make the world's fastest developing economy with the capabilities of helping the world economy match the world's largest economies.

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