Transcription of LIBERALIZATION PRIVATIZATION GLOBALIZATION
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LIBERALIZATION PRIVATIZATION GLOBALIZATION
LIBERALIZATIONPRIVATIZATIONGLOBALIZATION P resenting:AdeshKhandare(01)BhautikMakadi a(06)SaurabhUpadhyay(26)SubasishPattnaik (30)KuntalPatra(46)LPG ,popularlyknownas, LIBERALIZATION ,Privati zationandGlobalization(LPGmodel) , FOR IMPLEMENTING LPG Largeandgrowingfiscalimbalances.( ). Growinginefficiencyintheuseofresources. Lowforeignexchangereserves.($ ) Highinflationrate.( ) , Indiaopeneduptheeconomyintheearlyninetie sfollowingamajorcrisisthatledbyaforeigne xchangecrunchthatdraggedtheeconomycloset odefaultingonloans. TheresponsewasanumberofDomesticandextern alsectorpolicymeasurespartlypromptedbyth eimmediateneedsandpartlybythedemandofthe multilateralorganizations. on IndiaLIBERALIZATION ItmeanstheprocessofopeningupoftheIndiane conomytotradeandinvestmentwiththerestoft heworld. ItmeansthatopeningtheDoorfordoingBusines stoallovertheworld. Till1991 Indiahadaimportprotectionpolicywhereintr adewiththerestoftheworldwaslimitedtoexpo rts. Foreigninvestmentwasverydifficulttocomei ntoIndiaduetoabureaucraticframework.
LIBERALIZATION It means the process of opening up of the Indian economy to trade and investment with the rest of the world. It means that opening the Door for doing Business to all over the world. Till 1991 India had a import protection policy wherein trade with the rest of the world was limited to exports. Foreign investment was very difficult to come into India due to a
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