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Liberalization in India refers to the series of economic reforms initiated in 1991 aimed at opening up the Indian economy to global markets by reducing government control, deregulating industries, and encouraging foreign investment. The impact of liberalization on India has been multifaceted, influencing economic growth, social structures, employment patterns, and social development initiatives. Economically, liberalization led to a significant increase in India’s GDP growth rate. The removal of restrictive trade policies, licensing requirements, and tariffs facilitated the entry __________ ______ ___ __________ ____ __________ ______ ___ _______ _____ ______ ___.
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