Define the following terms (a) Disinvestment (b) Import Substitu

1.	Define the following terms (a) Disinvestment (b) Import Substitution
Answer» (a) Disinvestment: Privatisation of the public sector enterprises (PSEs) by selling off a part/whole of the equity to the general public or any private sector player is known as disinvestment. (b) Import Substitution: The policy aimed at replacing or substituting imports with domestic production by protecting the domestic industries from foreign competition is known as Import Substitution.

Define the following terms (a) Disinvestment (b) Import Substitution

Answer»

(a) Disinvestment:

Privatisation of the public sector enterprises (PSEs) by selling off a part/whole of the equity to the general public or any private sector player is known as disinvestment.

(b) Import Substitution: The policy aimed at replacing or substituting imports with domestic production by protecting the domestic industries from foreign competition is known as Import Substitution.

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Define the following terms (a) Disinvestment (b) Import Substitution

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