Advantages and disadvantages of liberalisation in india?

Answer 1

Globalization can be defined in one way as saying it makes it easier for capital, people, and ideas to travel across the globe. Globalization in India will help to boost the Indian economy up. It will be able to make multiculturism.

Answer 2

Advantages include free trade, cheap rates on goods. Disadvantages are free trade can be misused by some. Though liberalization in India helped in overall growth, it also has negative impacts on the economy such as inflation and shortage of goods in the local market.

Answer 3

An advantage of liberalization in India is that there aren't a ton of regulations from the government. There's also less restrictions in the economy.

Answer 4

Freedom to act.