Economics · Economic Reforms
Economic liberalization in India started with:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Substantial changes in industrial licensing policy✓
- 2Doing away with procedural formalities for foreign direct investment
- 3Significant reduction in tax rates
- 4Convertibility of the Indian rupee
Correct answer
Substantial changes in industrial licensing policy
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