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Liberalisation, Privatisation and Globalisation
Economic Policy of 1991
Stabilisation Measures
Structural Reform Measures
Liberalisation
Industrial Sector Reforms
Licensing Abolishment
De-reservation of Industries
Financial Sector Reforms
RBI's Role T ransformation
Opening to FIIs
T ax Reforms Reduction and Simplification
Foreign Exchange Reforms
Rupee Devaluation
Market-determined Exchange Rates
Privatisation
T ransfer of Ownership
Outright Sale
Withdrawal of Government Ownership
Disinvestment
Globalisation Integration with Global Economy
Liberalisation
Economic Activity Globalization
T rade Liberalisation
Privatisation
Increased Collaborations
Outsourcing Hiring Business Services
Call Centers
BPOs
KPOs
World T rade Organisation
Role in Globalisation
T ariff and Non-tariff Barriers Reduction
Assessment of LPG Policies
Merits
Economic Growth
Rise in FDI
Increased Exports
Check on Inflation
Demerits
Unemployment
Neglect of Agriculture
Industrial Slowdown
Disinvestment Issues
Fiscal Policy Limitations
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