Enlist the changes brought about by Globalisation and Liberalisation in the Indian industrial set up.

Question 1

Question 2

Private companies especially foreign firms are encouraged to invest in sectors earlier reserved for the government including telecom, civil, aviation, etc.
Licenses are no longer required to open industries.
Foreign products are now easily available in Indian shops.
Privatization of public sector or government companies.
The government is trying to sell its share in several public sector companies. This process is known as disinvestment. For example Modern Foods.
More and more companies are reducing the number of permanent employees and outsourcing their work.
Liberalisation and privatization appears to be associated with rising income inequality.

kratos · Answer 1 · 2021-04-06T14:51:12+0000

Private companies especially foreign firms are encouraged to invest in sectors earlier reserved for the government including telecom, civil, aviation, etc.
Licenses are no longer required to open industries.
Foreign products are now easily available in Indian shops.
Privatization of public sector or government companies.
The government is trying to sell its share in several public sector companies. This process is known as disinvestment. For example Modern Foods.
More and more companies are reducing the number of permanent employees and outsourcing their work.
Liberalisation and privatization appears to be associated with rising income inequality.

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