Fewpal
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Elaborate the changes brought about in the Indian industry due to the impact of globalisation and liberalisation.

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  • The government has followed a policy of liberalization since the 1990s 
  • Private companies especially foreign forms are encouraged to invest in sectors earlier reserved for the government including telecom civil aviation etc. 
  • Licenses are no longer required to open industries 
  • Many Indian companies have been brought over by MNCs 
  • Government is following the policy of disinvestment and outsourcing 
  • Liberalisation and privatisation is associated with rising income inequality

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