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Liberalisation, Privatisation, Globalisation (in Hindi)
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Chapter 5 Part-2

Aartee Mishra is teaching live on Unacademy Plus

Aartee Mishra
Delhi University Topper Post Graduation in History YouTube & Telegram Channel - Rank secure. Successfully Taught 40 GS Batches/ Motivator

Unacademy user
mam what is the difference between liberalisation and globalisation
Geeta Kc
3 months ago
Liberalization is the way where the barriers of exchange of goods are removed.It also removes various other barriers such as taxes and rules of licencing. Globalisation is the process of interaction among various organizations. It is the process of trading carried out internationally. Process has a lot of effects on the environment and its resources.
mam entire gs hindi main nahi hai kya
What kind of economic system was existed before 1991?
thank u soooo muchh mam......pre ko sirf 2 months rhte h....meri revision ki problem solve kr di....❤
mam but globalisation can be achieved without privatisation right? if just allow FDI's( foriegn private companies) without privatising our own properties/assets. we can connect, trade globally without privatising our assets.
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  4. Liberalization The economic liberalization in GDP GROWTH India refers to the economic liberalisation, initiated in 1991, of the country's economic policies, with the goal of making the economy more market and service- oriented and expanding the role of private and foreign investment Specific changes include a reduction in import tariffs, deregulation of markets, reduction of taxes, and greater foreign investment 12.0% 6000.0 5000.0 4000.0 10.0% 80% 3000.0 tu, 6,0% un 4,0% 2000.0 1000.0 0.0 2.0% 0.0% GDP GDP Growth Rate

  5. Privatization The policies through which the 'roll back' of the state was done included deregulation, privatisation and introduction of market reforms in public services. Privatisation at that time was used as a process under which the state assets were transferred to the private sector Privatisation in its purest sense and lexically means denationalisation,20 i.e., transfer of the state ownership of the assets to the private sector to the tune of 100 per cent > The sense in which privatisation has been used is the process of disinvestment all over the world. This process includes selling of the shares of the state-owned enterprises to the private sector

  6. Privatization The third and the last sense in which the term privatisation has been used around the world, is very wide. Basically, all the economic policies which directly or indirectly seem to promote the expansion of the private sector or the market (economy) have been termed by experts and the governments as the process of privatization Globalization The official meaning of globalisation for the WTO is movement of the economies of the world towards "unrestricted cross border movements of goods and services, capital and the labour force" Now we may connect the three simultaneous processes-the LPG with which India launched its reform programme The process of liberalization shows movement of the economy towards the market economy, privatization is the path/rout to realize the ultimate goal, i.e., globalization. 35 e through which it will travel


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