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What is the outcome of the liberalization and privatization policies in India?
  • a)
    An increase in government ownership of enterprises
  • b)
    A decrease in foreign exchange reserves
  • c)
    A more competitive economic environment
  • d)
    A focus on import-substitution industries
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the outcome of the liberalization and privatization policies i...
The outcome of the liberalization and privatization policies in India is a more competitive economic environment. These policies aimed to reduce government control and promote competition in various sectors, allowing private firms to enter and operate freely. This resulted in increased competition among businesses, leading to a more dynamic and competitive economic landscape.
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