Liberalisation, Privatisation And Globalisation : An Appraisal

Stock exchange is that market where shares etc. are purchased and sold.

Foreign exchange markets are those markets where foreign exchange is sold and purchased.

Some of profit making public sector undertakings have been given the status of ‘Navratans’ in order to improve efficiency, infuse professionalisation and enable them to competed more effectively in the liberalised global environment.

Navratnas were granted greater managerial and operational autonomy in taking various decisions to run the company efficiently and thus increase their profit.