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What is liberalisation? Describe any four effects of liberalisation on the Indian economy. |
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Answer» Removing barriers or restrictions set by the government is known as liberalisation. Effects of liberalisation on the Indian economy : (a) Barriers to foreign trade and foreign investment were partially removed. (b) Goods could be imported and exported easily. (c) Foreign companies could Set-up factories and offices here. (d) Indian producers got opportunities to compete with producers around the globe. |
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