Meaning of liberalization, privatization and globalization and their effects on economy, polity and social structure
The Indian Government had undertaken Industrial Policy reforms since 1980, but the most radical reforms have occurred since 1991, after the severe economic crisis in fiscal year 1990-91. These reforms mainly aim at enhancing the efficiency and international competitiveness in Foreign Direct Investment (FDI) forms an integral part of the Industrial Policy. FDI helps in accelerating … Read more