The goal of making the economy more market-oriented and expanding the role of private and foreign investment is called _________.

globalization

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nationalization

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liberalization

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none of the above

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Solution

The correct option is C liberalization
Economic liberalization of India was initiated in the year 1991. The main goal of liberalization is to make economy more market oriented with expanded role of private and foreign investment. The former prime minister P V Narasimha Rao spearheaded economic liberalization policies in the early 1990s.

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