Compare and contrast the positive and negative effects of liberalizati

Question

Compare and contrast the positive and negative effects of liberalization on the Indian Industrial sector during post 1991 reforms.

31 Aug 2022

Answer :

Word Count : 410

Liberalisation refers to removing the boundaries from private sectors which become an obstacle for the development and the growth of a nation. The conversion of a public body into a private body is called the privatisation of that body.

The impact of liberalisation and privatisation has been both positive and negative on the growth of nations. The positive impact of liberalisation and privatisation results in the development of business in the nation. This results in increase in foreign investment, better functional operation of companies, and higher gross development of products.

Liberalisation

Liberalisation removes boundaries from the private sectors, removing obstacles for the ____ _______ _______ ________ _________ __________ __________ _________ _________.
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