Impact of Liberalization

Impact of Liberalization

(a) The impact of Liberalisation on Indian Economy was well afforeciable with the phenominal growth by contributing $1.3 Trillion to the world GDP. So also the Indian Economy because the Seventh Largest among the world leading economies.

(b) Liberalization has opened up new business opportunities abroad and increased foreign direct investment.

(c) New market for various goods came into existence and resulted not only in urban but also in rural development.

(d) It became very easy to obtain loans from banks for business expansion.

(e) "Foreign Collaboration" is the latest outcome of liberalization.

(f) A number of multinational companies started operating world-wide including India.