Social Sciences, asked by sharmayogesh040879, 6 months ago

what is policy of LPG write its impact

Answers

Answered by arthkunder33
1

Liberalization, Privatization, and Globalization

LPG stands for Liberalization, Privatization, and Globalization. India under its New Economic Policy approached International Banks for development of the country. These agencies asked Indian Government to open its restrictions on trade done by the private sector and between India and other countries.

It enables a free flow of information, technology, goods and services, capital investments and even people across different countries. It brings the trade, investments and markets from various countries under one umbrella. It promotes a more lucid economy. Globalisation is also divided into three types.

Answered by Anonymous
2

Answer:

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Explanation:

Economic reforms have an important impact on Indian Economy. After adopted the policy of LPG. Liberlisation, Privatization and Globalization came in behavior after the economic reforms. Foreign Investors started the Investment in many sectors. Developed nations show their Interest in Indian Market and try to Invest in Indian economy comes on track which loose in decades of 1980's Indian Ecomomy opened for all foreign Investors and MNC's.

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