Liberalization is the act of making something less strict. It is also the act of making something less unpleasant or painful.
saraleekarana
it was adopted by the government of India in 1991 ,in which they removed the entry barriers,areas reserved exclusively for public,rationalisation ofapproach towards monoplastic and restrictive practices,liberalisation of foreign ivestment policy and import policy,remove of rigional imbalance and encouragement given to the growth industrial sectors which provide intensive employment. this helps in faster industrial and agriculture growth and decentralisation of industries and agriculture.
Liberlisation means being liberal. Doctrine of liberal economy is/to be adopted by India. Because of Liberalisation, India experiencing flow of foreign investment in India. It gave avenues to Foreign Institutional Investor (FII) to invest their capital in Indian industries for better return on their investment (ROI). These FIIs enter in security market, speculate, bring about higher volatility in market. Sharpe rise/decline in certain scripts. Results into merger and acquision of weaker or smaller companies into a bigger companies. As there is no restriction on repatriation, these FIIs are free to take back not only their capital but also huge profit, at the cost of inocent Indian individuals. The above is about urban salaried class person. On rural front, on behest of IMF and IBRD (World Bank), subsidies offered to farmers is keep on reducing year after year.