Question

What did World Bank and IMF expect from India for availing the loan of 7 billion dollar?

Solution

World Bank and IMF expected India to liberalise and open up the economy by removing restrictions on the private sector, reduce the role of government in many areas and remove trade restrictions between India and other countries.

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

What is liberalisation?

What is privatisation?

What is the meaning of globalisation?

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Liberalisation, Privatisation And Globalisation : An Appraisal

What did World Bank and IMF expect from India for availing the loan of 7 billion dollar?

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

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?

State the steps taken by the government towards liberalisation under the New Economic Policy.

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