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Liberalisation, Privatisation And Globalisation : An Appraisal

Question

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Write down the main problems faced by the Indian Economy during the pre-economic reforms?

Solution

The Indian economy was facing the problems of decling foreign exchange, growing imports without matching rise in exports and high inflation.

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

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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