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  • Need and Policies of Liberalisation

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    123shru
    40 просмотров8 страниц
    Three forces guided India toward economic liberalization: 1) The success of export-led industrialization and failure of import substitution led to deterioration of the import substitution model. 2) A centralized, inward-focused business policy was ineffective in an increasingly global economy. 3) Severe economic problems within India like inflation, fiscal deficits, trade deficits, and large loans necessitated reforms. Liberalization involved opening trade and investment, deregulation, tax reforms, privatization, and controlling inflation.

    Исходное описание:

    liberalisation

    Оригинальное название

    Need and Policies of liberalisation

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    Three forces guided India toward economic liberalization: 1) The success of export-led industrialization and failure of import substitution led to deterioration of the import substitution model. 2) A centralized, inward-focused business policy was ineffective in an increasingly global economy. 3) Severe economic problems within India like inflation, fiscal deficits, trade deficits, and large loans necessitated reforms. Liberalization involved opening trade and investment, deregulation, tax reforms, privatization, and controlling inflation.

    Авторское право:

    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PPTX, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    40 просмотров8 страниц

    Need and Policies of Liberalisation

    Загружено:

    123shru
    Three forces guided India toward economic liberalization: 1) The success of export-led industrialization and failure of import substitution led to deterioration of the import substitution model. 2) A centralized, inward-focused business policy was ineffective in an increasingly global economy. 3) Severe economic problems within India like inflation, fiscal deficits, trade deficits, and large loans necessitated reforms. Liberalization involved opening trade and investment, deregulation, tax reforms, privatization, and controlling inflation.

    Авторское право:

    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PPTX, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 8

    Three distinct forces which guided India towards liberalization Two external forces One internal force

    1.Success of export promotion industralization along with failure of import substitution. -- with increasing acceptance of EP industralization came to gradual detoroitation of IS industralization ---Failure of Soviet Socialism

    2. Centralized and inward directed business policy --the world economy becoming increasingly interdependent

    The severe economic situation that our country faced at that time Central problems were --Inflation --Rising fiscal deficit --Widening trade deficit --Enormous loan

    components of liberalisation

    Industrial

    Fiscal

    financial Trade

    Opening the Gate for International Trade and Investment. Deregulation (The removal of government controls from an industry or sector, to allow for a free and efficient marketplace). Freedom for expansion and production. Increase in the investment limit of the small industries. Tax Reforms. Initiation of Privatization. Inflation Controlling Measure Freedom to import capital goods and technology.

    The table

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