Question

What Are the Positive and Negative Effects of LPG?

Answer 1

The positive and negative effects of LPG are:

Positive effects:

1. The rate of GDP increased.
2. Industrial production was encouraged
3. Helped in curbing the fiscal deficit
4. Inflation rates reduced

Negative effects:

1. Agricultural sector was ignored
2. The growth process was uneven
3. The economic disparity between rich and poor increased

Also see:

• MCQs on Liberalisation
• MCQs on Globalisation
• Advantages of Globalisation
• Objectives of Privatisation