Question

write how economic reforms in India is influenced by privatisation , liberalisation ,and, globalisation?

Answer 1

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Answer 2

The economic liberalisation in India denotes the continuing financial reforms which began since July 24, 1991. Privatisation refers to the participation of private entities in businesses and services and transfer of ownership from the public sector (or government) to the private sector as well.Objectives of Privatization. Improve the financial situation of the government. Reduce the workload of public sector companies. Raise funds from disinvestment. Increase the efficiency of government organizations. Provide better and improved goods and services to the consumer. Create healthy competition in the society.


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