Question

What is liberalisation??
please answer me​

Answer 1

Answer:

liberalisation is the component of new economic policy 1991 which means freedom of producing unit from direct or indirect control imposed by government

Explanation:

there are four sectors or steps taken

1. industrial reforms

- licensing abolished

- enhancement in production capacities

- de-reservation of areas reserved for public sector

- concentration on private sector

2. financial reforms

- change in role of RBI from regulator to facilitator

- now the interest rate are determined by commercial banks

3. fiscal reforms

- direct tax (income tax)

- indirect tax (GST)

4. foreign exchange reforms

- foreign trade reforms

- removal of tariff

- policy of fittest will survive

Answer 2

Explanation:

viditus answer is right