What is liberalisation ? Describe any four effects of liberalisation on the
Indian economy.
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What is liberalisation ? Describe any four effects of liberalisation on the
Indian economy.
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LIBERATION : REMOVING barriers or restrictions set by the government is known as liberalisation.
EFFECTS: 1) Economic liberalization has opened up the Indian economy to the foreign investors.
2) It has also opened up the economy to the foreign companies who now have greater access to the Indian markets.
3) It has increased foreign trade.
4) It has increased the job opportunities for the people.
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