Which reform enabled MNCs to enter India?
Globalisation
The 1991 economic reforms — commonly summarised as Liberalisation, Privatisation and Globalisation (LPG) — opened the Indian economy to foreign trade and investment. Globalisation, in particular, dismantled the licence-permit raj and the restrictive FERA regime, allowing multinational corporations (MNCs) to enter India and set up operations.
Of the other options: Land reform targeted agricultural landholdings; Labour law reforms govern industrial relations and have not by themselves opened India to MNCs; Swadeshi is the opposite philosophy — promoting domestic over foreign goods.
Hence the correct answer is Globalisation.
The relation between the consumer’s optimal choice of the quantity of a good and its price is very important and this relation is called the ________ function.
Which of the following comes under the Quarternary sector?
Private ownership of the means of production is a feature of a _______ economy.
In ________ economies, all productive resources are owned and controlled by the government.
The consumption of fixed capital is also known as _________.
Fisher’s quantity theory is explained by his famous equation given as ________.
Machines, tools and Implements, and buildings are examples of which type of goods?
When did the first 5 year plan start?
In which union budget was India's first sovereign wealth fund named 'National Investment and Infrastructure Fund (NIIF)' announced?
The national poverty line for 2011-12 was estimated at _________ per capita per month for urban areas of India.
When goods are produced by exploiting natural resources, it is an activity associated with:
A system in which local farmers were allowed to cultivate temporarily within a plantation is known as:
Which goods from India dominated the international textile markets before the age of mechanized industries?
Which type of farming is practiced in areas of high population pressure on land?
The major economic attribute for comparing countries is their: