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What was liberalism? what was economic and political meaning of liberalism? |
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Answer» Economic and political meaning of liberalisation are listed below :1. After Independence,the Indian government put barrier on foreign trade and foreign investment.2. Initially,Indian Industries were just coming up after Independence,so competition from imports wouldn\'t have allowed these industries to come up.3. In 1991,the government decided that the time has come for Indian producers to complete the producers around the globe. Liberalisation refers to the reduction or elimination of the government regulation or restrictions on private business and trade. |
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