Question

what is LPG Strategy

Answer 1

LPG strategy stands for
1 Liberalisation
2 Privatization
3 Globalization

***** It was adopted in 1991 with the name of New Economic Policies......
***** It was conducted for the following purposes.....
.... To cop up with fiscal deficits
..... To overcome balance of payment crises
....... To improve the reserves of foreign exchange
...... To handle the price spiral or inflation

**** Liberalisation.... It means freedom from direct or physical controls by the government..... It has economic reforms...such as Industrial reforms, financial sector reforms etc....

****** Privatization... It is the process of involving the private sector in the ownership of a state owned enterprise..........

***** Globalization..... It means integrating the economy of a country with the economies of other countries under conditions of free flow of trade and capital across borders....

+ve impacts of LPG......
increment in foreign reserves...
growth of industrial sector...
consumer's sorveginity....
a check on inflation.....

-ve impacts of LPG....
Neglect of agricultural
Urban concentration of growth process
Economic Colonialism
Cultural erosian..

Hope it may help u....( mark it as a brainiest)