Question

“Under the liberalisation measures taken by the Government of India, Trade and Investment Policy reforms were extremely crucial.” Reject or support the given statement with valid arguments.

Hint:

For policy-based questions, connect reforms to outcomes like FDI, technology transfer, and market access.

Answer 1

Enhanced Foreign Direct Investment (FDI): Reforms stimulated foreign capital inflow across multiple sectors, contributing to heightened industrial expansion.
Expanded Global Market Reach: Liberalisation empowered Indian businesses to penetrate international markets, resulting in augmented exports. 
Facilitated Technology Acquisition: Enabled the import of cutting-edge technologies, leading to improvements in output and operational effectiveness.