INDIAN ECONOMY 1991

                                  LPG  POLICIES

The economy of India had undergone significant policy shifts in the beginning of the 1990. This new model of economic reforms is commonly known as the LPG or Liberalisation, Privatisation and Globalisation model. The primary objective of this model was to make the economy of India the fastest developing economy in the globe with capabilities that help it match up with the biggest economies of the world.

Highlights of the LPG Policy
Given below are the salient highlights of the Liberalisation, Privatisation and Globalisation Policy in India:

• Foreign Technology Agreements
• Foreign Investment
• MRTP Act, 1969 (Amended)
• Industrial Licensing
• Deregulation
• Beginning of privatisation
• Opportunities for overseas trade
• Steps to regulate inflation
• Tax reforms
• Abolition of License -Permit Raj

Ab ki baar trump sarkaar

In the US as much awaited elections result are declared we r very hopeful that Indian economy will be benefitted from trump policies and both the economy work together for the growth of each other and will come forward jointly and firmly to eradicate terrorism.