what is the effect of liberalisation or foreign direct investment on the iron and steel industry?
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1
Answer:
liberalism help our country's steel industries as it brings up with new technologies and better method of production.
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Explanation:
It leads to integration of Indian manufacturing units with the larger global economy. It also leads to increase in labour productivity with the adoption of new technology. Production and export of steel has increased at a higher rate after liberalisation.
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