What is liberalisation? Describe any four effects of liberalisation on the Indian economy
Liberalisation means the opening of the country for foreign investments and capitals. Trade barriers are often used by countries to protect the domestic industries from the products of foreign land. Usually countries resort to impose Licenses, Import quotas or Voluntary export restraints to protect local markets.
Other impacts:
Why did Gandhiji decide to withdraw the 'Non-Cooperation Movement' in February, 1922? Explain any three reasons.