Business Studies, asked by meenaatsi, 9 months ago

Why was LPG model of development introduces? how is it related to liberalisation, privatisation and globalisation?

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Answered by xSahiBx

70

Answer:

LPG stands forLiberalization,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.

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