Liberalisation of the Indian economy

✅ Inhaltsangabe:Abstract:With the onset of reforms to liberalise the Indian economy in July of 1️⃣9️⃣9️⃣1️⃣, a new 🆕 chapter has dawned for India ​🇮🇳​ and ➕ her 👤👩⬅️ billion plus ➕ population. This period of economic transition has had a tremendous impact on the overall economic development 👨‍💻️ of almost all major sectors of the economy, and ➕ its effects over the last decade can 🥫 hardly be overlooked. Besides, it also marks ❣️ the advent of the real integration of the Indian economy into the global economy.This era of reforms has also ushered in a remarkable change in the Indian mindset, as it deviates from the traditional values held since Independence in 1️⃣9️⃣4️⃣7️⃣, such as „self reliance” and ➕ socialistic policies of economic development 👨‍💻️, which mainly due to the inward looking 👀 restrictive form of governance, resulted in the isolation, overall backwardness and ➕ inefficiency of the economy, amongst a host of other problems. This, despite the fact that India ​🇮🇳​ has always had the potential to be on the fast ☄️⏱️ track to prosperity.Now that India ​🇮🇳​ is in the process of restructuring her 👤👩⬅️ economy, with aspirations of elevating herself from her 👤👩⬅️ present 🎁 desolate position in the world 🗺️, the need to speed 🚄 up ⬆️ her 👤👩⬅️ economic development 👨‍💻️ is even more imperative. And ➕ having witnessed 👁️‍🗨️ the positive role that Foreign Direct Investment (FDI) has played ▶️ in the rapid economic growth 📈 of most of the Southeast ↘️ Asian countries and ➕ most notably China ​🇨🇳​, India ​🇮🇳​ has embarked on an ambitious plan to emulate the successes of her 👤👩⬅️ neighbours to the east ➡️ and ➕...

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