Answer :

The effects of liberalisation pattern in India are being discussed below –

1) The industrial policy 1991 has introduced liberalization privatization and globalisation in Indian economy.


2) The delicensing has increased the chances of self-employment.


3) Due to liberalisation foreign products are easily available in Indian market at competitive rates which has resulted in closure of many industries in India which ultimately resulted in unemployment.


4) Multinational companies are being welcomed in India.


5) Retail sector was introduced due to which many small traders, shop keepers; hand cart sellers lost their jobs.


6) Disinvestment resulted in sale of major share of government in public sector companies.


7) Companies are reducing number of permanent employees and outsourcing their work to smaller companies and are encouraging work from home.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

In an industrial Sociology - Board Papers

In response to thSociology - Board Papers

Economist and othSociology - Board Papers

In the accoNCERT - Social Change and Development in India