Question

What is liberalisation ? Describe any four effects of liberalisation on the
Indian economy..
Plz tommorow is my exam

Answer 1

Liberalization is a method through which a nation lifts limitations on some separate individual ventures. This process of liberalization occurs when anything which used to be prevented is no longer banned, or when state laws are relaxed. Following are the effects of liberalization on Indian economy:

1. It removed the obstacles to international trade and foreign ventures were partially eliminated.  2. It made it easier to export and import goods.

3. It allowed the setting up of the factories and offices.

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