Analyse the economic consequences of liberalisation in India. 

Liberalization in India was a series of economic reforms implemented in 1991 that aimed to open up the Indian economy to foreign investment, reduce government regulations and promote privatization. Here are some of the economic consequences of liberalization in India:

1. Increased foreign investment: Liberalization led to an increase in foreign investment in India, as foreign companies were allowed to invest in Indian businesses and industries. This brought much-needed capital into the country, which helped to finance new projects and create jobs.

2. Economic growth: Liberalization led to a significant increase in economic growth in India. The country's GDP growth rate increased from an average of 3.5% in the 1980s to around 7-8% in the 2000s and 2010s. This growth was driven by increased investment, ___ ___ _____ ___ ______ ____ _______ __________ ______.
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