Question

Write Down The Main Features Of Economic Reforms

Answer 1

Answer:

The modern economic reforms taken to boom the indian economy are:

(1) Liberalisation, (2) Privatisation, (3) Globalisation of the Economy, (4) New Public Sector Policy, (5) Modernisation, (6) Financial Reforms, and (7) Fiscal Reforms.

main three reforms are LPG and their features are:

a)liberalisation means to free economy from controls imposed by government.

b)privatisation means permitting the private sector to set up industries which were previously reserved for the public sector.

c)Globalisation means to make Global or worldwide, otherwise taking into consideration the whole world.