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Impact of liberalisation on indian economy four points |
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Answer» Liberalisation in IndiaSince the adoption of the New ECONOMIC STRATEGY in 1991, there has been a drastic change in the Indian economy.With the arrival of liberalisation, the government has regulated the private sector organisations to CONDUCT business transactions with fewer restrictions.For developing COUNTRIES, liberalisation has opened economic borders to foreign companies and investments.Earlier, Investors has to encounter difficulties to enter countries with MANY barriers.These barriers included tax laws, foreign investment restrictions, accounting regulations, and legal issues. The economic liberalisation reduced all these obstacles and waived few restrictions over the control of the economy to the private sector. |
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