Question : "Globalisation of Indian Economy" denotes:
Option 1: increase of external borrowings.
Option 2: having minimum intervention in economic relations with other countries.
Option 3: starting new business units abroad.
Option 4: relaxing the programmes of import substitution.
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Correct Answer: having minimum intervention in economic relations with other countries.
Solution : The correct option is having minimum intervention in economic relations with other countries .
The process of connecting the Indian economy with the global economy through liberalisation and privatisation policies is referred to as " globalisation of the Indian economy" Through this procedure, foreign enterprises are now able to participate in the Indian market, and Indian companies are now allowed to grow internationally.
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