What do you mean by liberalisation? why did india adopt this policy?
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Liberalization (or liberalisation) is a relaxation of government restrictions, usually in such areas of social, political and economic policy. This may be similar to deregulation. India adopted this policy with the goal of making the economy more market-oriented and expanding the role of private and foreign investment. Specific changes include a reduction in import tariffs, deregulation of markets, reduction of taxes, and greater foreign investment.
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