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