positiv e impact of economic liberalization in india?

Answer 1

The economic liberalisation in India when on its launch had great retention from the people, but now a lot of positive impacts are seen. The first positive impact is opening up of large number of BPO's so that a large number of employment awaits for a country that has such a large human resource. The second I could say is the economic development in the sense the raise of sensex which is a chart for national development.
The third main development is that due to the process of globalisation our national companies such as mittal steel, tata steel and reliance in communication and petrol sector are creating wonders on the other hand the indian companies have also developed their infrastructure to global standard. Lot of positive impacts can be said but later, with regards

Answer 2

Liberalization means relaxation of rules and regulations on private sector to regulate their working. It is due to this that the GDP of the country is increasing. now, in the market, one can find a lot of products of use such as soaps, cloth etc which are of better quality. The gvt of India adopted this policy in 1991 and since then economy has become more mobile an there is a lot of choice of goods for the consumer. India's share in the the trade of goods has increased margianally. The price rise, which was a majo r problem prior to 1991 has slowly declined. Liberalization has also succeded in providing employment.

Answer 3

"The impact of economic-liberalization on industrial development in India is widely discussed and debated. However, very little attention is paid to the spatial aspects, though neoclassical growth models, which provide the economic rationale for pro-market liberalisation policy, anticipate faster growth (higher growth rates) of poor regions relative to rich ones and consequent trend towards income-convergence and balanced development of regions within a country.

"In the above context the book reviews the trends in regional differentiation in industrial growth and income convergence across the state-regions in India during the nineties. There is a pioneering attempt towards an in-depth analysis of industrial development of Kerala as a case study to draw some generalisations on selected issues of the pro-market liberalisation policy constraining industrial growth of poor state-regions.

"The large part of the book is devoted to the portrayal of growth trends in output, income, employment, productivity and technological change, and to the exploration of structural, region-specific and institutional factors behind the observed difference in the growth profile of Kerala relative to the neighbouring states. Also, there is an attempt to argue out a strong case and to outline a new vision on the strategies for accelerating industrial growth in Kerala, which already has high achievements in social and human development and a history of dealing with some form of globalisation in trade."

Answer 4

There are more jobs. More foreign direct investment. More exports and manufacturing industry is looking up. But for liberalization, 8% growth rate would have been unthinkable.

Answer 5

there will always be positives of economic liberalization. However during this process it would be important to make sure the wealth gap doesn't increase from rich to poor.

Answer 6

there are many positive as well as negative impacts.but most important positive impact i think is - it provided lots of jobs which we required with fast increasing population.

Answer 7

it dipenends