KARUNA BIDKAR

WILSON REBELLO
EMMANUEL PEREIRA
DHRUVI PITHWA
DWAYNE BARBOZA
ADRAIN PIMENTA
DALREEN
RODRIGUES
 Introduction
LPG stands for Liberalization, Privatization, and Gl
obalization. It was implemented in the year 1991 on 24th
July. India under its New Economic Policy
approached International Banks for development of the
country. These agencies asked the Indian Government to
open its restrictions on trade done by the private sector
and between India and other countries.
These measures were undertaken to correct the inherent
weakness that has developed in Balance of Payments
and control the inflation. These measures were short-
term in nature. Various Long-Term Structural Reforms
were categorized as:

Liberalizatio
n
Privatization
Globalization
OUR
TOP ICS
LIBERALISATION
PRIVATIZATION
GLOBALIZATION
 LIBERALIZATIO
N
It means elimination of state
control over economic activities
It is the process through which
competitive position of indian
goods increased in
international trade
It helps in removing trade
barriers which improves
economy of the country
 Objectives
To boost competition between domestic business
To promote foreign trade and regulate import and
export
To improve the technology and foreign capital.
To develop a global market
.To reduce the debt burden of a country
 POSITIVE IMPACT OF
LIBERALISATION
FREE FLOW OF CAPITAL
DIVERSITY OF
INVESTORS
NEGATIVE IMPACT
OF
LIBERALISATION

THE WEAKENING OF THE

ECONOMY TECHNOLOGICAL
IMPACT
PRIVATIZATIO
N
Forms of
Privatization
Denationalization
Partial Privatization
Deficit Privatization
 Objectives of
privatization
To increase the inflow of foreign direct investment
to India.
It improves the financial strength of the company.
To improve the efficiency of Public Sector
Undertaking by giving them power to
make decision
Finally, promotes government dynamism by
reducing government interference.
Methods of
Privatization
Transfer of
ownership
Disinvestment
Public auction
Sales of shares
Direct negotiations
 GLOBALIZATION
Globalization means to integrate
the economy of country with
global economy
Globalization makes worlid more
accessible to everyone
Globalization is attempting to
create bordless world where one
country needs can be driven
across the globe
 Why is globalization important?
Globalization changes the way
nations, businesses and people
interact
globalization enables businesses
in one nation to access another
nation's resources
With fewer restrictions on trade,
globalization creates
opportunities to expand
Pros and Cons of
Globalization
PROS CONS
ECONOMIC ENVIRONMENTAL
GROWTH CONCERNS
Access to labor
Access to jobs
Access to DISPROPORTIONATE GROWTH
resources