Explain the impact of LPG on Indian Economy.

1.	Explain the impact of LPG on Indian Economy.
Answer» Impact of Liberalisation: 1. Liberalization has opened up new business opportunities abroad and increased foreign direct investment. 2. New market for various goods came into existence and resulted not only in urban but also in rural development. 3. It became very easy to obtain loans from banks for business expansion. Impact of Privatisation: 1. Privatization has a positive impact on the financial growth by decreasing the deficits and debts. 2. Increase in the efficiency of government undertakings. 3. Provide better goods and services to the consumers. Impact of Globalization: 1. Multinational corporations can manufacture, buy and sell goods worldwide. 2. Globalisation has led to a boom in consumer products market. 3. The advent of foreign companies and growth in economy has led to job creation.

Answer»

Impact of Liberalisation:

1. Liberalization has opened up new business opportunities abroad and increased foreign direct investment.

2. New market for various goods came into existence and resulted not only in urban but also in rural development.

3. It became very easy to obtain loans from banks for business expansion.

Impact of Privatisation:

1. Privatization has a positive impact on the financial growth by decreasing the deficits and debts.

2. Increase in the efficiency of government undertakings.

3. Provide better goods and services to the consumers.

Impact of Globalization:

1. Multinational corporations can manufacture, buy and sell goods worldwide.

2. Globalisation has led to a boom in consumer products market.

3. The advent of foreign companies and growth in economy has led to job creation.

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