Tag Archives: 1991 reforms

Effects of Globalization on Indian Economy

Effects of Globalization on Indian Economy 1. Liberalization– main features of liberalization policy were:- (i) General reduction in role of state in economic governance. (ii) Withdrawal by state from many economic sectors and its replacement by the private sectors. (iii) Decline in the public sector spending in basic and key industries like banking, insurance and other PSUs. (iv) Decline in

Read more