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 to exports. Foriegn invetment was very difficult to come into India due to a bureaucratic framework. After the start of the economic liberalization, India started getting huge capital inflows and it has emerged as the 2nd fastest growing country in the world.
The official definition of the word socio-economic is "relating to or concerned with the interaction of social and economic factors."
It is a group of people within a society that have the same socio economic status
no, the caste system did not prevent india's..........development infact in rural areas the condition related to these issues is tremendously horrible
India
Sikkim is the least populated state in India: Lakshadweep is the least populated union territory: and the Northeast of India is the least populated region of India.
Economic reform measures initiated in India as a result in an increase in liberalization. Attempts were made to make India more of a socialist society after 1991.
Liberalization is a relaxation government restrictions in areas of social, political and economic policy. Privatization is the outsourcing of government services or functions to private firms, such as revenue collection, law enforcement, and prison management.
Actually new economic slavery means - Under the Flag of Globalization, Liberalization and Privatization the world Imperialist Power like America is exploiting India like third world country merely by Capital Export as FII and FDI.
what are the advantages and disadvantages io liberalization
The economic system at present prevalent in India is quasi market oriented. In was in 1992 that reforms in Indian economy were initiated by the then Finance Minister Dr. Manmohan Singh. After 20 years as of now, the Indian economy has been opened partially to foreign investors, though vital sectors like Retail market, insurance, bank need liberalization which cannot be implemented due to opposition from allies of the UPA Government. Even the US President Barrack Obama insisted on more liberalization of Indian economy.
The liberalization policy in India began in 1991, with the goal of goal of making the economy more market-oriented. The policy also was designed to promote private and foreign investments. The economy has shown steady growth since India started the liberalization policy.
B. Chukwuezi has written: 'The effects of economic liberalization on Nigerian universities'
Increased wealth and power for the super-rich, increased insecurity for the vast majority.
Ram Dev Bharadwaj has written: 'China's economic liberalization' -- subject(s): Free ports and zones, Economic policy, Foreign economic relations, Economic conditions, Central planning
Liberalization is a political trend in which classical liberal policies are adopted, such policies are privatization of public industries. Conservatives and American Libertarians tend to support Economic Liberalization, while Modern Liberals tend to support the opposite: Nationalization of industries.
Gerald I. Trant has written: 'Trade liberalization and Canadian agriculture' -- subject(s): Agriculture, Commerce, Economic aspects of Agriculture, International economic relations
1991 is the year when indian goverment actually thought for privatization through its liberalization policy.