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UPSC MAINS 2025 | Effect of liberlization on economy, Industrial Policy & their Industrial Growth | StudyIQ UPSC Mains and Optionals

Effect of Liberalization on Economy, Industrial Policy & Industrial Growth | UPSC Mains 2025
Liberalization, a cornerstone of India’s 1991 economic reforms, transformed the Indian economy by opening it up to global markets, enhancing private sector participation, and reducing government control. This video/article explores how liberalization shaped industrial growth, impacted key sectors, influenced employment, and reshaped India’s industrial policy.
We also examine major policy shifts—from License Raj to deregulation—and analyze their long-term effects on MSMEs, FDI inflows, infrastructure, and competitiveness. This topic is highly relevant for GS Paper III (Indian Economy, Industrial Growth, Economic Development) in UPSC Mains 2025.

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