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Liberalisation, Privatisation And Globalisation : An Appraisal

Question

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Why had the fiscal deficit of the Government of India mounting year after year prior to 1991?

Solution

On account of continuous increase in its non-development expenditure.

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

When was WTO founded?

What is liberalisation?

What is privatisation?

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?

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