Q. Which of the following in invitable result of liberalisation?

A
Neutrality of the state
B
Re-entry of the state
C
Re-trace of the state
D
None of these
Solution:
  • The economic liberalization in India refers to ongoing economic reforms in India that started on 24 July 1991.
  • Economic liberalization in India was initiated in 1991 by Prime Minister P. V. Narasimha Rao and his then-Finance Minister Dr. Manmohan Singh
  • Liberalization is the easing of government rules and restrictions of local trades and businesses.
  • Liberalization allows local businesses to grow freely and more profits.
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