what measure have been taken for globalisation of indian economy ?
Answers
Answered by
1
globalisation means integrating the national economy with the world economy to removal of barriers on international trade and capital movement.
To integrate Indian economy with world the union budget 1992-93 main Indian rupees partially convertible and then the Rupee was made fully convertible in 1993 -94 budget.
In order to bring the Indian economy within the Ambit of global competition the government has modified the custom duties to be considerable extent accordingly the rate of customs duty has been reduced from 250% to 10% in 2007 -2008 budget.
To integrate Indian economy with world the union budget 1992-93 main Indian rupees partially convertible and then the Rupee was made fully convertible in 1993 -94 budget.
In order to bring the Indian economy within the Ambit of global competition the government has modified the custom duties to be considerable extent accordingly the rate of customs duty has been reduced from 250% to 10% in 2007 -2008 budget.
Similar questions