Question

describe any five measures of liberalisation taken by government of india.

Answer 1

Measures taken by the government of India to bring about liberalisation are:

a. Barriers on foreign trade and foreign investment were removed to a large extent, goods can now be easily imported and exported.

b. Government has encouraged MNC's to establish their production units.

c. Government is taking steps to attract foreign investments like creating special economic zones.

d. It has encouraged more private sectors to come up, end of license raj. The government has exempted all industries except for some like alcohol, cigarettes, hazardous chemicals, explosives, drugs etc from any kind of industrial licencing.