Please wait...
1800-212-7858 (Toll Free)
9:00am - 8:00pm IST all days

or

Thanks, You will receive a call shortly.
Customer Support

You are very important to us

For any content/service related issues please contact on this toll free number

022-62211530

Mon to Sat - 11 AM to 8 PM

Home / Doubts and Solutions/ICSE/Class 9/Economics Applications

What are the liberal policies initiated by the government since 1991?

Asked by Topperlearning User 17th February 2016, 11:33 AM
Answered by Expert
Answer:

The liberal policies initiated by the government since 1991 are:

  1. The Indian government removed the barriers on foreign trade and investment. It enabled the foreign companies to set up their production units in India. Similarly, Indian companies established offices abroad.
  2. Special Economic Zones (SEZs) are being set up by the government to provide world class facilities such as education, electricity, water, transport, storage recreation etc. Production units in SEZs are initially exempted from taxes for a period of five years.
  3. Labour laws are more flexible and rules to protect the worker’s rights are ignored. Workers are hired for short periods to overcome the pressure of work.
Answered by Expert 17th February 2016, 1:33 PM
Rate this answer
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

You have rated this answer /10

Report an issue
Previous Question
Next Question
Your answer has been posted successfully!

Free related questions

1.Write a short note on MNREGA.
2.I want 10 pages information on unemployment.
3.I want 10 pages information on Food security.
3rd September 2016, 3:42 PM
what are attributes
10th October 2017, 4:03 PM
what is the meaning of operating system  
2nd March 2018, 10:32 AM
What are the achievements of the WTO?
17th February 2016, 1:33 PM
What are the main objectives of the liberalisation policy?
17th February 2016, 1:31 PM
RELATED STUDY RESOURCES :
ICSE Class-9 QUESTION ANSWERS

Chat with us on WhatsApp