what is liberalisation? when it was started in India? what are the causes from liberalisation?

Question

what is liberalisation? when it was started in India? what are the causes from liberalisation? breifly explain advantages and disadvantages in india from liberalisation.

Answer 1

LIBERALISATION IS FREEING ECONOMY FROM GOVERNMENT CONTROL. IT WAS STARTED, WHEN DR. MANMOHAN SINGH (THE PRESENT P.M), WAS FINANCE MINISTER AND PRESENT F.M MR. CHIDAMBARAM, WAS COMMERCE MINISTER, IN MR. P.V. NARASIMHA RAO'S GOVERNMENT.

Answer 2

Liberalisation

Answer 3

The word liberalisation is mainly used to denote that the Government is moving from licensing of commerce to de-licencing. Even though normally associated with Government ownership of Government in business entities, the real direction of liberalisation is moving away from planned economy to market economy. The growth of businessis dictated more as per the demand and suppy in the market than decided by Government in power.

I feel you meant the effect of liberalisation and not the causes. If you really mean the causes, it is an attempt to ensure regular international fund flow into the economy and more of political in nature. If you mean the effect of liberalisation, the invisible gains are that the individual is opening up to be an entrepreneur than a pen pusher. The visible gains are more foreign investment and growth in services sector. The real gain will be felt only if the manufacturing and agricultural sectors show growth and profits.

Answer 4

Liberalisation : the act of making less strict

Economic liberalisation has been the buzzword in Indian politics since 1991. Although it was never debated in a true democratic spirit, the Congress Government, with Mr. P.V. Narasimha Rao as Prime Minister and Dr. Manmohan Singh as Finance Minister, dramatically brought this chore into currency. Even the short-lived BJP Government (May 1996) headed by Mr. Atal Behari Vajpayee, did not throw away this camouflaged concept notwithstanding its substantially different stand regarding globalisation. And, of course, the united front of over thirteen parties led by Mr. H.D. Deve Gowda as Prime Minister started functioning on June 1, 1996, almost in the lap of the Congress Party in spite of occasional vituperations from extremist quarters. The revised (updated) economic survey for 1995-96, and the regular union budget for 1996-97 presented by Mr. P. Chidambaram, as Finance Minister, both provided occasion to Dr. Manmohan Singh to feel elated on the score of economic liberalisation.

Answer 5

In general, liberalization (or liberalisation) refers to a relaxation of previous government restrictions, usually in such areas of social, political and economic policy. In some contexts this process or concept is often, but not always, referred to as deregulation

Answer 6

This Site Might Help You.

RE:
what is liberalisation? when it was started in India? what are the causes from liberalisation?
what is liberalisation? when it was started in India? what are the causes from liberalisation? breifly explain advantages and disadvantages in india from liberalisation.

Answer 7

In general, liberalization refers to a relaxation of previous government restrictions, usually in areas of social or economic policy. Liberalization of autocratic regimes may precede democratization (or not, as in the case of the Prague Spring).

In the arena of social policy it may refer to a relaxation of laws restricting for example divorce, abortion, homosexuality or drugs.

Most often, the term is used to refer to economic liberalization, especially trade liberalization or capital market liberalization

Although economic liberalization is often associated with privatization, the two can be quite separate processes. For example, the European Union has liberalized gas and electricity markets, instituting a system of competition; but some of the leading European energy companies (such as EDF and Vattenfall) remain partially or completely in government ownership.

Liberalized and privatized public services may be dominated by just a few big companies, particularly in sectors with high capital costs, or high sunk cost, such as water, gas and electricity. In some cases they may remain legal monopolies, at least for some part of the market (e.g. small consumers).

Liberalization is one of three focal points (the others being privatization and stabilization) of the Washington consensus's trinity strategy for economies in transition. An example of Liberalization is the "Washington Consensus" which was a set of policies created and used by Argentina..

There is a distinct difference between liberalization and democratization, which are often thought to be the same concept. Liberalization can take place without democratization, and deals with a combination of policy and social change specialized to a certain issue such as the liberalization of government-held property for private purchase, whereas democratization is more politically specialized that can arise from a liberalization, but works in a broader level of government.