What's is meant by liberalization ? State the measure adoted for liberalisation under cause od adaptation of exonomic reforms?

Dear Student

Liberalisation refers to freedom to economy from government's direct and indirect control.

The measures adopted for liberalisation are:

1) with liberalisation, licensing system was abolished.
2) with liberalisation  number of industries reserved for public sector was reduced.
3) Import of capital goods became permitted.
4) liberalisation reduced import quota.


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