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

Increased Foreign Direct Investment (FDI): Reforms encouraged foreign investments in various sectors, boosting industrial growth. 
Global Market Access: Liberalisation facilitated Indian industries to access global markets, increasing exports. 
Technology Transfer: Allowed import of advanced technologies, improving productivity and efficiency.