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    Abhay Jain
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    Liberalization in India began in 1991 under the government of Prime Minister P.V. Narasimha Rao, with Manmohan Singh as Finance Minister and P. Chidambaram as Commerce Minister. Economic liberalization relaxed previous restrictions and freed the Indian economy from government control, allowing for increased foreign investment, foreign exchange reserves, consumption, and price control, while also checking corruption. It opened India's economy to greater global trade and investment.

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    Liberalization in India began in 1991 under the government of Prime Minister P.V. Narasimha Rao, with Manmohan Singh as Finance Minister and P. Chidambaram as Commerce Minister. Economic liberalization relaxed previous restrictions and freed the Indian economy from government control, allowing for increased foreign investment, foreign exchange reserves, consumption, and price control, while also checking corruption. It opened India's economy to greater global trade and investment.

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    21 views6 pages

    Liberalization

    Uploaded by

    Abhay Jain
    Liberalization in India began in 1991 under the government of Prime Minister P.V. Narasimha Rao, with Manmohan Singh as Finance Minister and P. Chidambaram as Commerce Minister. Economic liberalization relaxed previous restrictions and freed the Indian economy from government control, allowing for increased foreign investment, foreign exchange reserves, consumption, and price control, while also checking corruption. It opened India's economy to greater global trade and investment.

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    LIBERALIZATION

    When Liberalization was started in India


    WHEN DR. MANMOHAN SINGH (THE
    PRESENT P.M), WAS FINANCE MINISTER
    AND PRESENT F.M MR. CHIDAMBARAM,
    WAS COMMERCE MINISTER, IN MR. P.V.
    NARASIMHA RAO'S GOVERNMENT.
     Prime Minister Narasimha Rao , along with his
    finance minister Manmohan Singh, initiated
    the economic liberalisation of 1991.
    Meaning of Liberalization
     In general Liberalization referes to a relaxation of previous
    government restrictions

     It is Freeing economy from Government control.


    Benefits of Liberalization
     Increase the foreign investment.

     Increase the foreign exchange reserve.

     Increase in consumption.

     Control over price.

     Check on corruption.
     Economic liberalization of India means the
    process of opening up of the Indian ecomony
    to trade and investment with the rest of the
    world. Till 1991 India had a import protection
    policy wherein trade with the rest of the
    world was limited t...

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