Question

What is liberalisationand its effect on india economy?

Answer 1

LIBERALISATION :The process of removing barriers or restriction on foreign goods and foreign investment by government is called Liberalisation

IMPACT:

1.It increased MNCs in our country

2.Foreign companies are investing here

3.It has a bad effect on small industries and unskilled labours

4.it benefited skilled labour and medium industries to set up their companies in other countries

5.increased in quality of goods

6.increased in demand of goods