What are the steps taken by indian government to globalize the economy?
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Following steps are taken by Indian government to globalise the economy
. removal of trade barriers on foreign trade and foreign investment
. in recent years SEZ (special economic zone) are being set up with world class facilities to attract foreign companion
. companies who set up production units in the SEZs do not have to pay taxes for initial 5 years
. govt has also allowed flexibility in labour laws to attract foreign investment
. removal of trade barriers on foreign trade and foreign investment
. in recent years SEZ (special economic zone) are being set up with world class facilities to attract foreign companion
. companies who set up production units in the SEZs do not have to pay taxes for initial 5 years
. govt has also allowed flexibility in labour laws to attract foreign investment
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