What are the reforms made to adopt globalization?

1.	What are the reforms made to adopt globalization?
Answer» The following reforms were made-to adapt globalization in India. 1. Abolition of industrial licensing, except for a few industries. 2. Reduction in the number of industries reserved for public sector. 3. Fixation of a realistic exchange rate of rupee to exchange exports of Indian goods. 4. Foreign exchange regulations were suitably amended. 5. The Statutory Liquidity Ratio (SLR) was reduced to increase lending by RBI.

Answer»

The following reforms were made-to adapt globalization in India.

1. Abolition of industrial licensing, except for a few industries.

2. Reduction in the number of industries reserved for public sector.

3. Fixation of a realistic exchange rate of rupee to exchange exports of Indian goods.

4. Foreign exchange regulations were suitably amended.

5. The Statutory Liquidity Ratio (SLR) was reduced to increase lending by RBI.

Discussion