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Liberalisation, Privatisation And Globalisation : An Appraisal
What are the effects of Globalisation on India?
After the economic crisis of 1991, the government implemented new industrial policy, new licensing policy, trade policy and foreign investment policy. When India accepted the Dunkel proposals and the membership of WTO, the globalisation of Indian economy became quite by imperative. Multinational companies have started infiltrating in all segments of Indian economy. The government removed the restrictions on imports and reduced the tariff rates. Economic activities are now to be governed both by the domestic market as well as the world market.
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Why did the New Economic Policy emphasize a shift towards private sector?
Why was the rate of growth of private sector industries slow before 1991?
What were the reasons behind incompetence of many Indian products and industries before 1991?
Before 1991 why did India face a serious balance of payment problem?
What was the main objective of delicensing?
Before 1991, MRTP Act inhibited the growth of industries. How?
State the steps taken by the government towards liberalisation under the New Economic Policy.
What is the meaning of disinvestment of Public Sector Units?
What does foreign direct investinent mean?
What does fiscal deficit indicate?
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