Transcription of LPGPOLICYOFINDIA ANDITSEFFECTS
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LPGPOLICYOFINDIA ANDITSEFFECTS
(BUSINESSENVIRONMENT) ,GAYAC onceptandmeaningofLiberalization, , , (NIP) ,manufacturing, ,PrivatisationandGlobalisationPolicyinIn dia:ForeignTechnologyAgreementsForeignIn vestmentMRTPAct,1969(Amended) , Toboostcompetitionbetweendomesticbusines ses Topromoteforeigntradeandregulateimportsa ndexports Improvementoftechnologyandforeigncapital Todevelopaglobalmarketofacountry Toreducethedebtburdenofacountry Tounlocktheeconomicpotentialofthecountry byencouragingtheprivatesectorandmultinat ionalcorporationstoinvestandexpand. Toencouragetheprivatesectortotakeanactiv epartinthedevelopmentprocess. Toreducetheroleofthepublicsectorinfuture industrialdevelopment. DeregulationoftheIndustrialSector FinancialSectorReforms TaxReforms ForeignExchangeReforms TradeandInvestmentPolicyReforms ExternalSectorReforms ForeignExchangeReforms : FinancialSectorReforms TaxReforms/FiscalReforms ForeignExchangeReforms/ExternalSectorRef orms IndustrialSectorReformsImpactsofLiberali sationinIndiaPositiveimpactsofliberalisa tioninIndia1) , )StockMarketPerformance:Generally,whenac ountryrelaxesitslaws,taxes, :Foreigndirectinvestmentallowedinthebank ingandinsurancesectorsresultedindeclineo fgovernment ) , )DiversificationforInvestors:Inaliberali sedeconomy, )ImpactonAgriculture:Intheareaofagricult ure,thecroppingpatternshasundergoneahuge modification, ) :Priorto1991 MNC , , ) ) , )ImpactofFDIinBankingsector:Foreigndirec tinvestmentallowedinthebankingandinsuran cesectorsresultedindeclineo
globalization. This technological development has helped globalise the world economy the tends of technological changes that have taken place since the industrializationrevolution,relatingfromproduction,distributionandcommunication,
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