Question

Mention the consequences of liberalisation.

Hint:

Liberalisation has helped India's economy grow but requires balanced policies to mitigate negative impacts.

Answer 1

Liberalisation leads to increased economic growth, foreign investment, and technological advancement. Consequences of liberalisation include:
Positive impacts:
Increased foreign direct investment (FDI).
Technological advancements and improved infrastructure.
Higher employment opportunities.

Negative impacts:
Economic disparity and job insecurity.
Dependence on foreign markets.
Environmental degradation due to industrial expansion.