What is the policy of liberalisation Class 10?
Liberalisation is the process of relaxation of trade rules and regulations of a country by the government which paves the way for economic growth and development.
What are the features of liberalization policy?
Features of Liberalization in India\n\n Reduction of interest rates and tariffs. Curbing monopoly of the public sector from various areas of our economy. Approval of foreign direct investment in various sectors.
What is economic liberalization policy?
Economic liberalization encompasses the processes, including government policies, that promote free trade, deregulation, elimination of subsidies, price controls and rationing systems, and, often, the downsizing or privatization of public services (Woodward, 1992).
Who introduced liberalisation policy in India?
Chandra Shekhar Singh reforms\n\n The Chandra Shekhar government (1990–91) took several significant steps towards liberalisation and laid its foundation.