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The doctrine of liberalization, privatization, and globalization represents a set of economic reforms adopted to restructure the Indian economy and integrate it with the world economic system. These reforms, introduced prominently after 1991, reshaped the spatial organization of economic activities, patterns of investment, and regional development in India, making them significant from the perspective of economic geography. Liberalization refers to the reduction of state control and regulatory barriers in economic activities to encourage efficiency and competition. In India, liberalization involved dismantling the license-permit raj, relaxing industrial licensing, reducing ________ ___ ______ _________ ______ _________ __________ ____.
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