What Is the Role of Lpg in the Indian Economy?

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Solution

LPG is referred to as a new model of economic reforms under the New Economic Policy that was intended to establish India as a fast growing economy on the world stage. The objective of LPG was to increase foreign reserves by opening up Indian economy to foreign investors.

Also see:

MCQs on Liberalisation

MCQs on Globalisation

Advantages of Globalisation

Objectives of Privatisation

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