what is liberalisation?
why did India shows liberalisation after 1991?
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Liberalisation is the process or means of the elimination of the control of the state over economic activities.
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1) Liberalisation means the removal or loosening of restrictions on something, typically an economic or political system.
2)The liberalisation was aimed at ending the licence-permit raj by decreasing the government intervention in the business, thereby pushing economic growth through reforms. The policy opened up the country to global economy. It discouraged public sector monopoly and paved the way for competition in the market.
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