Encouragement of foreign equity participation in Indian industries is the major consideration for initiating a series of measures aimed at _________ the Indian economy during the last few years.
Encouragement of foreign equity participation in Indian industries is the major consideration for initiating a series of measures aimed at _________ the Indian economy during the last few years.
The correct option is A liberalizing
The economic liberalisation
in India referred to
the economic liberalisation of the country's economic policies, initiated in 1991
with the goal of making the economy more market- and service-oriented, and
expanding the role of private and foreign investment. Economic
liberalization (or economic
liberalisation) is the lessening
of government regulations and restrictions in an economy in exchange
for greater participation by private entities; the doctrine is associated with
classical liberalism. LPG stands for Liberalization, Privatization,
and Globalization. India under its
New Economic Policy approached International Banks for development of the
country. These agencies asked Indian Government to open its restrictions on
trade done by the private sector and between India and other countries.
The economic liberalisation in India referred to the economic liberalisation of the country's economic policies, initiated in 1991 with the goal of making the economy more market- and service-oriented, and expanding the role of private and foreign investment. Economic liberalization (or economic liberalisation) is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities; the doctrine is associated with classical liberalism. LPG stands for Liberalization, Privatization, and Globalization. India under its New Economic Policy approached International Banks for development of the country. These agencies asked Indian Government to open its restrictions on trade done by the private sector and between India and other countries.
