Changes that occurred in India as a result of liberalisation:
(i) Visible changes –
(a) Better services are available in the communication sector, such as telephone, LED television and other electronic goods, at low price.
(b) Many food processing companies have taken over the market, such as Coca-Cola, Pepsi and other food products.
(ii) Invisible changes –
(a) The share of India in trade and services in the world has increased.
(b) Foreign direct investment in India has increased.
(c) Foreign exchange reserves have increased.
(d) Price rise in terms of percentage have declined.
(e) Marginal growth in industry and increase in employment opportunities is visible.
