“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.
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Solution and Explanation
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.
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