Social Sciences, asked by harshita17an, 5 months ago

what is liberalisation ?why did India chose liberalisation after 1991?

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Answered by 18p3490

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Liberalization (or Liberalisation in British English) is the precondition for privatization and globalization. Liberalization is a broad term that usually refers to fewer government regulations and restrictions, mainly on economic activities. Thus liberalization is basically a change in the economic philosophy of a state.

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