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Liberalization is a relaxation government restrictions in areas of social, political and economic policy. Privatization is the outsourcing of government services or functions to private firms, such as revenue collection, law enforcement, and prison management.
Wiki User
∙ 9y ago
Wiki User
∙ 12y agoLiberalization (or liberalisation) refers to a relaxation of previous government restrictions, usually in areas of social or economic policy.
Wiki User
∙ 9y agoLiberalization is a concept that refers to equality for every one. This includes race, sexual orientation, social status, financial status and gender.
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When did privatization actually started in India?
1991 is the year when indian goverment actually thought for privatization through its liberalization policy.
Advantages and disadvantages of liberalisation in india?
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.
What is the reason for the growth of MNCs in India?
There are a number of reasons why the multinational companies are coming down to India. India has got a huge market. It has also got one of the fastest growing economies in the world. Besides, the policy of the government towards FDI has also played a major role in attracting the multinational companies in India.

For quite a long time, India had a restrictive policy in terms of foreign direct investment. As a result, there was lesser number of companies that showed interest in investing in Indian market. However, the scenario changed during the financial liberalization of the country, especially after 1991. Government, nowadays, makes continuous efforts to attract foreign investments by relaxing many of its policies. As a result, a number of multinational companies have shown interest in Indian market.
What country taj mahal live?
The Taj Mahal is in Agra India
What continent is in India?
India is not a continent. India is part of Asia.
What are the advantages of market liberalization?
what are the advantages and disadvantages io liberalization
Liberalisation policy in India good or bad?
The liberalization policy in India began in 1991, with the goal of goal of making the economy more market-oriented. The policy also was designed to promote private and foreign investments. The economy has shown steady growth since India started the liberalization policy.
When and why was economic reform measures initiated in India?
Economic reform measures initiated in India as a result in an increase in liberalization. Attempts were made to make India more of a socialist society after 1991.
What is the meaning of Economic liberalization in India?
Economic liberalization of India means the process of opening up of the Indian ecomony to trade and investment with the rest of the world. Till 1991 India had a import protection policy wherein trade with the rest of the world was limited to exports. Foriegn invetment was very difficult to come into India due to a bureaucratic framework. After the start of the economic liberalization, India started getting huge capital inflows and it has emerged as the 2nd fastest growing country in the world.
When did privatization actually started in India?
1991 is the year when indian goverment actually thought for privatization through its liberalization policy.
What does financial liberalization mean?
Financial Liberalization refers to deregulation of domestic financial market and liberalization of the capital account.
What do you mean by liberalization discuss the process of liberalization?
Liberalization refers to the relaxation of government regulations and restrictions on economic activities. The process of liberalization typically involves reducing trade barriers, deregulating industries, and promoting competition. It aims to stimulate economic growth, attract foreign investment, and improve efficiency by allowing markets to operate more freely.
What is the Intellectual Property Rights Law Discuss its relevance to liberalization and Globalization?
What is the Intellectual Property Rights Law. Discuss its relevance to liberalization and Globalization?
What is the removal of trade barriers?
Unilateral Liberalization
Do public goods earn a profit?
globalization is free entry pf foriegn companies in india in copetition with indian companies but after 2000 there many indian companies are drop out due to the globalization and liberalization
Advantages and disadvantages of liberalisation in india?
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.
What is the removal of trade barriers is called?
Unilateral Liberalization
