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Liberalisation, Privatisation And Globalisation : An Appraisal
State the obvious gains and im perative losses of privatisation.
(a) Obvious gains of privatisation:
(1) Privatisation promotes consumer's sovereignty.
(2) Privatisation results into high productivity.
(3) It promotes diversification of production.
(4) It leads to upgradation and modernisation of enterprises.
(b) Imperative losses:
(i) Weaker sections of society suffer deprivation in privatisation.
(ii) Social interest in ignored.
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What is the meaning of globalisation?
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?
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