15 - Explain the need of economic reforms in India. [5] – InterviewSolution

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1.	15 - Explain the need of economic reforms in India. [5]
Answer» Policy changes were PROPOSED with regard to technology up- GRADATION, industrial licensing removal of restrictions on the private sector, FOREIGN investments and foreign trade. The essential FEATURES of the economic reforms are —liberalisation, privatisation and globalisation, commonly KNOWN as LPG.

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