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Who started the process of Liberalisation?
Who started the process of Liberalisation?
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Solution
The correct option is C Manmohan Singh
Liberalization refers to the removal of the restrictions typically an economic or political system. Liberalization was started by Manmohan Singh in the year 1991.The reform of liberalization so put forth, removed the Licence Raj, reduced tariffs and interest rates and ceased various public monopolies, allowing foreign direct investment to flow in, in many sectors of Indian economy.
Liberalization refers to the removal of the restrictions typically an economic or political system. Liberalization was started by Manmohan Singh in the year 1991.
The reform of liberalization so put forth, removed the Licence Raj, reduced tariffs and interest rates and ceased various public monopolies, allowing foreign direct investment to flow in, in many sectors of Indian economy.
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