Liberalisation, Privatisation, and Globalisation, commonly known as LPG, are three interrelated economic reforms that have been adopted by many countries, including India, to promote economic growth and development. Each of these reforms has its own significance and role in the overall reform process. Let's understand each statement in detail:

1. Liberalisation shows the path of the reform:
- Liberalisation refers to the process of removing government regulations and restrictions on various economic activities.
- It involves reducing trade barriers, deregulating industries, and promoting competition.
- Liberalisation encourages free-market principles and aims to boost efficiency, innovation, and productivity in the economy.
- By reducing government intervention, liberalisation allows market forces to determine prices and allocation of resources.
- Therefore, it can be said that liberalisation shows the path of the reform by setting the framework for a market-oriented economy.

2. Privatisation shows the direction of the reform:
- Privatisation refers to the transfer of ownership and control of state-owned enterprises to the private sector.
- It involves selling off government-owned assets, such as companies, industries, or services, to private individuals or entities.
- Privatisation aims to improve the efficiency and performance of these enterprises by subjecting them to market discipline and competition.
- It also helps to reduce the burden on the government's budget and promotes private sector participation in the economy.
- Therefore, privatisation can be seen as a direction of the reform, as it shifts the control and management of economic activities from the government to the private sector.

3. Globalisation shows the ultimate goal of the reform:
- Globalisation refers to the increasing integration and interdependence of economies across the world through the exchange of goods, services, capital, and technology.
- It involves the removal of trade barriers, liberalisation of capital flows, and the expansion of international business activities.
- Globalisation aims to create a global market, where countries can specialize in producing goods and services that they have a comparative advantage in.
- It encourages the flow of investments, knowledge, and technology, leading to increased economic growth and development.
- Therefore, globalisation can be seen as the ultimate goal of the reform, as it aims to integrate the domestic economy with the global economy for mutual benefits.

In conclusion, all three statements are correct. Liberalisation sets the path for reform by promoting a market-oriented economy, privatisation shows the direction of reform by transferring ownership to the private sector, and globalisation represents the ultimate goal of reform by integrating the domestic economy with the global economy.