What are the key features of the economic policies in India
Discuss the major components of economic policies in India and their impact on the country's economy.
- Liberalization: Economic policies in India focus on liberalizing the economy by reducing restrictions on foreign investment and streamlining regulations.
- Privatization: The government is promoting privatization of state-owned enterprises to increase efficiency and competition in various sectors.
- Globalization: India's economic policies aim to integrate with the global economy through trade agreements and opening up of markets.
- Infrastructure development: Emphasis is placed on improving infrastructure such as roads, ports, and power supply to boost economic growth.
- Financial Inclusion: Policies are implemented to promote financial inclusion and access to banking services for all sections of society.
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