Main Objectives of Liberalisation Policy:

Promotion of Economic Growth:
Liberalisation policy aims to promote economic growth by removing barriers to trade and investment. It allows for more competition in the market, leading to increased efficiency and productivity.

Attracting Foreign Direct Investment (FDI):
By liberalising the economy, countries can attract more FDI as foreign investors are more likely to invest in a market that is open and welcoming to international businesses. This influx of FDI can help boost economic development and create job opportunities.

Enhancing Global Competitiveness:
Liberalisation policies help countries become more competitive in the global market by encouraging innovation, technological advancements, and better allocation of resources. This allows domestic industries to compete on an international level.

Improving Standards of Living:
Through liberalisation, countries can improve standards of living by increasing access to goods and services, promoting consumer choice, and reducing prices through increased competition. This can lead to higher quality products and better living conditions for the population.

Reducing Government Intervention:
Liberalisation policies aim to reduce government intervention in the economy, allowing market forces to determine prices, production levels, and resource allocation. This leads to a more efficient allocation of resources and reduces the burden on the government.
In conclusion, liberalisation policies have several key objectives including promoting economic growth, attracting FDI, enhancing global competitiveness, improving standards of living, and reducing government intervention. By implementing these policies, countries can create a more dynamic and competitive economy that benefits both businesses and consumers.