Solution: FDI there was a dual route of approval. The automatic route (governed by the RBI) and the government route (governed by the central government). the goal of liberalization was to make the economy more balanced and market-friendly. The efforts for liberalization and economic change were started in 1987 by trying to get rid of the License Raj prevailing in India at the time. Finally, the policies in 1991 began the process of economic liberalization. There was a lowering of tariffs and import taxes, promotion of private investment, an overall lowering of taxes, an increase in foreign investment and FDI, deregulation of markets, etc. Liberalization has been responsible for the economic growth of the country after 1991. There was the entry of many companies such as Pepsi, Volkswagen, Sony, Samsung, Toyota, Microsoft, HP, etc. post the liberalization reforms.
The Foreign Exchange Management Act was enacted in ___________________.
According to the IEA report, how will India's electric vehicle (EV) sector impact gasoline demand by 2030?
Higher Education Financing Agency (HEFA) is a joint venture of the Ministry of Education and which of the following banks?
As per the Union Budget, the subsidy under the FAME scheme for fiscal 2024 is projected at _______ as compared with the revised estimate of Rs 2,897 cro...
Which state has become the first state to release its own Wildlife Action plan (2021-30).?
“Hitonpay Lifecare” is a _________.
Recently it was announced that Microsoft will stop supporting its Internet Explorer browser from June 15. Internet explorer was first released in?
Which international sporting event does India aspire to host, as mentioned by PM Modi during his Independence Day speech?
Where are the headquarters of Infosys ?
What was the Indian Ministry of External Affairs’ response to the U.S. Department of State's remarks regarding the arrest of Arvind Kejriwal and the f...