Question
What are the economic consequences of liberalisation in India ? Explain.
Answer :
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The economic consequences of liberalization in India have been substantial, marking a transformative shift in the country's economic landscape. In the early 1990s, India initiated a series of economic reforms aimed at liberalizing its economy, moving away from a centrally planned model to one that embraced market-oriented policies. Here are some key economic consequences:
1. Increased Foreign Direct Investment (FDI): Liberalization opened up various sectors to foreign investment, attracting FDI. This influx of
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