Question

What is liberalisation privatisation globalisation?

Answer 1

Liberalization Means Freedom Without Government Intervention
Privatization Means Setting Up All The Private Sector On A Large Scale
Globalization Means The Interconnecting Of One Economy To The Rest Of The Economies Of The World
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Answer 2

Answer:

LPG stands for Liberalization, Privatization, and Globalization. India under its New Economic Policy approached International Banks for development of the country. These agencies asked Indian Government to open its restrictions on trade done by the private sector and between India and other countries.