Question

What Steps Have Been Undertaken by the Indian Government for the Liberalisation of the Economy?

Answer 1

The following were the steps taken by the government for the liberalisation of the economy

1. Abolishing of license raj
2. Reducing interest rates and tariffs
3. Freedom of production was provided
4. Devaluation of rupee
5. Allowing foreign direct investment

Also see:

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