Question

What is liberalisation ? Describe any four effects of liberalisation on the
Indian economy.

Answer 1

the opening up of the country for foreign investments and capitals.

Effects of liberalization:

>Tough competition faced by the producers.

>Job insecurity.

>Increase in the foreign trade.

>Increase in foreign investment.

>Exchange of technology between countries.

Answer 2

Meaning of liberalisation :It means the opening up of the country for foreign investments and capitals.

Effects of liberalisation:

>Tough competition faced by the producers.

>Job insecurity.

>Increase in the foreign trade.

>Increase in foreign investment.

>Exchange of technology between countries

GOOD LUCK:)