Download presentation
Presentation is loading. Please wait.
1
Liberalization and Indian Politics
JYOTI Assistant Professor Department of Political Science PGGC-11 Chandigarh
2
Meaning of Liberalization
Main Characteristics of Indian Liberalization: Privatization Decline of Public Sector and Expansion of Private Sector State Regulated Economy Advent of Multinationals Special Incentives to Non-Resident Indians Relaxation in Licensing System Import Facilities Export Facilities Competitive Market Liberal Financial Loans
3
Privatization Meaning of Privatization Characteristics of Privatization Disinvestment De-Nationalization Contracting Out Extension of Autonomy De-Bureaucracy De-Centralization Promotion of Competition
4
Aligning Conditions Dismantling State of Monopolies Adaption of private Enterprises Condition Reduction in Public Services
5
Merits of liberalization and Privatization
Increase in Production Qualitative Improvement in Production Economy is strengthened Incentive to Work More Reduction in the Burden of Public Exchequer Improvement in the Performance of Public Enterprises Investment of Foreign Capital
6
Demerits of liberalization and Privatization
More Possibilities of Political Corruption Exploitation of Labour Establishment of capitalistic Society Due Attention is not paid to Deprived Sections of Society Political Power handmaid of Economic Lords Decline in Moral Values
7
Liberalization and Privatization in India
Industrial Policy of 1991 and Liberalization and Privatization: Abolition of licencing system Concessions to monopolies and Restrictive Trade Practice Act-MRTP Companies Reduction in the role of Public Sector Loss Incurring Public Enterprises National Renewable Fund
8
Investment of Foreign Capital
Import of Foreign Technology Collaboration with Foreign Trading companies Organization of Special Board Small Sector Industries
9
God Results: Increase in Gross Domestic Product Increase in Foreign Exchange Reserves Decline of inflation Increase in Export Growth Rate Rupee made fully convertible Bad Results: Reduction in industrial production Fall in growth rate of Electricity Increase in Foreign Debt
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.