Question:
What is liberalisation?
What is liberalisation?
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Liberalisation allows free-market policies, reducing state control and encouraging private sector growth.
Updated On: Oct 27, 2025
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Solution and Explanation
Liberalisation refers to the relaxation of government restrictions in economic, political, and social policies. In India, economic liberalization began in 1991, leading to globalization, privatization, and a more market-driven economy.
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