SARASWATI INSTITUTE OF MANAGEMENT & TECHNOLOGY

LIBERALIZATION
SUBMITIED TO,

DATED 21 AUG 2009

BY Mrs. SWATI SHARMA GOEL

SUBMITITED RITU

INTRODUCTION
Liberalization is to open strict regulation over the industries. The policy came into existence in 1991. Liberalization was to free large private corporate sector from bureaucratic controls.

Objective of Liberalization
To help in preventing unfair, unethical, illegal operations. To promote the investment of foreign companies in the area of business and technology to the country. Liberalization was to free the industry from excessive regulatory pressure.

Need of Liberalization
The big business houses were unable to start new enterprises due to the limit imposed by MRTP act. To give freedom to large private corporate sector from bureaucratic controls

Aims of liberalization
To achieve full employment. To achieve self reliance. To reduce in equality of income and wealth. To reduce the no. of people living below the poverty time.