Question

Write three characteristics of the programmes of economic reforms in India?

Answer 1

The three characteristics of the programmes of economic reform in India are as follows-

1) Liberalisation: It means lessening of the degree of state control in the economic system of a country.

2) Privatisation: It is opening up of the sectors units to the private sector. One form of privatisation is disinvestment.

3) Globalization: It means the integration of the economy of a Nation with the economies of the rest of the world.

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