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Economics › Economic Growth,LPG,Planning

Economics › Economic Growth,LPG,Planning

What does the term “economic liberalization” refer to in the context of Indian economy?

Options

(a)

Expansion of the public sector

(b)

Restriction of foreign investment

(c)

Removal of restrictions on private sector and encouragement of free market policies

(d)

Increase in trade barriers

Answer

(C)