what is liberalisation ? state any two effects of liberalisation of indian economy
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Liberalization (or liberalisation) is any process whereby a state lifts restrictions on some private individual activities. Liberalization occurs when something which used to be banned is no longer banned, or when government regulations are relaxed.
The term "liberalization" is most often used in discussing economic liberalization, which refers to the reduction of state involvement in the economy, but it can be used in other contexts as well.The economic liberalisation in Indiarefers to the changes and reforms, initiated in 1991, of the country'seconomic policies, with the goal of making the economy more market- and service-oriented, and expanding the role of private and foreign investment.
The term "liberalization" is most often used in discussing economic liberalization, which refers to the reduction of state involvement in the economy, but it can be used in other contexts as well.The economic liberalisation in Indiarefers to the changes and reforms, initiated in 1991, of the country'seconomic policies, with the goal of making the economy more market- and service-oriented, and expanding the role of private and foreign investment.
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Liberalization means removing of trade barriers
the effects in Indian economic due to liberalization are
1.Our country is able to participate with other countries
2. wider choose of goods to choose means that there is competition so more competition more money
the effects in Indian economic due to liberalization are
1.Our country is able to participate with other countries
2. wider choose of goods to choose means that there is competition so more competition more money
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