Question
Liberalization and democracy
Answer :
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India's journey towards democracy and development has been marked by a significant milestone with the introduction of liberalization policies. In 1991, India underwent economic reforms that liberalized its economy, moving away from a centrally planned model towards a more market-oriented approach. This shift was a response to economic crises and aimed to boost growth, attract foreign investment, and enhance competitiveness.
Liberalization in India has been intricately linked with its democratic ethos. The democratic system, with its emphasis on political pluralism, free speech, and the protection of individual rights, laid the
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