Mentors Comments: 1. Briefly introduce what happened during the process of liberalization 2. Discuss the impact of Liberalisation on Indian companies – both benefits and challenges 3. Discuss any steps to strengthen the domestic industry Answer: Liberalization is defined as laws or rules being liberalized, or relaxed, by a government. Economic liberalization is generally described … Continue reading Examine the impact of liberalization on companies owned by Indians. Are the competing with the MNCs satisfactorily? (15 Marks)