Economics · Indian Economy

In the context of the Indian economy, the term 'Liberalisation' primarily refers to:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Shifting completely to a citizen-centric direct welfare delivery structure.
2Relaxing and removing unnecessary government controls and regulations from markets.✓
3Nationalization of key public and private financial institutions.
4Increasing the overall money supply in the domestic market.

Correct answer

Relaxing and removing unnecessary government controls and regulations from markets.

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