Introduction Liberalization means removing government controls and allowing more freedom to private businesses. It helps increase trade, investment, and competition in the economy. India started liberalization in 1991 to improve its economy. Main Features Reducing taxes and duties on goods. Allowing private companies in more sectors. Attracting foreign investment. Reducing restrictions on imports and exports. […]
Introduction The economic reforms introduced in India during the 1990s marked a turning point in the country’s development trajectory. Triggered by a severe balance of payments crisis, these reforms aimed at liberalizing the economy, reducing state control, and integrating with the global market. Often referred to as the LPG reforms—Liberalization, Privatization, and Globalization—they fundamentally altered
Economic Reforms in the 1990s Read More »
Liberalisation in the context of the Indian economy refers to the series of economic reforms and policy changes that began in the early 1990s. These reforms aimed to open up the Indian economy to global markets, reduce government intervention, and encourage private sector participation. The economic consequences of liberalization in India have been profound and
Analyse the economic consequences of liberalisation in India.(600 words) Read More »
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