In India, since the initiation of the liberalisation plan in the 1990s, the economic reforms have put emphasis on the open market economic policies.
Economic reform refers to policies directed to achieve improvements in economic efficiency, either by reforming policies or reducing state regulations with an emphasis on economic efficiency.
It usually refers to deregulation and reduction of government control and opens the economy to market forces. It may not necessarily address the goals of equity or employment growth.
In India, since the initiation of the liberalisation plan in the 1990s, the economic reforms have put emphasis on the open market economic policies.
The reforms were initiated with the aim of accelerating the pace of economic growth.
The government has systematically shifted to a more open economy with greater reliance upon market forces, a larger role for the private sector including foreign investment, and a restructuring of the role of state regulation.
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(India CSR)
