Question

What is liberalization? Describe any four effects of liberalisation on the Indian economy.(5 makrs)

Answer 1

Meaning of liberalisation :It means the opening up of the country for foreign investments and capitals.

Effects of liberalisation:
>Tough competition faced by the producers.
>Job insecurity.
>Increase in the foreign trade.
>Increase in foreign investment.
>Exchange of technology between countries.

Hope this helps u !!!!

Answer 2

Hey mate

Liberalisation:

Liberalization 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.

Four effects:

1) Economic liberalization has opened up the Indian economy to the foreign investors.

2) It has also opened up the economy to the foreign companies who now have greater access to the Indian markets.

3) It has increased foreign trade.

4) It has increased the job opportunities for the people.

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