Dear Student Liberalisation: Removing barriers or restriction set by the govt is known as liberalisation With liberalisation of trade, businesses are allowed to make decisions freely about what they wish to import or export The government imposes much less restrictions than before and is therefore said to be more liberal Globalisation: Globalisation means the interconnections in economic activities, trade and business that have led to the integration of manufacturing processes and markets around the different economies of the world It is a process that is an offshoot of the liberalisation of previously closed national economies and opening them up to international manufacturers “The ZED model aims to make India the manufacturing hub of the world and prevent the products developed in India from being rejected by the global market ” Regards

Solve q no 7

Solve q no 7 "Zero Defect Zero Effect" (ZED) is a slogan coined bv the prime Mini•.ter o' Narendra Modi with reference to the Make in India initiative launched the government. The slogan reflects the efficiency of production processes. i e. the have no defects and the process through which the product is made has zero environmental and ecological effects. The ZED model aims to make India the manufacturing hub of the world and prevent the products developed in India from rejected by the global market. Moreover, before the initiative was launched. the limits of foreign direct investment in various sectors had been relaxed. The application licences was made available online and the validity of licences was increased to three years. Various other norms and procedures were also relaxed by the government light of the above paragraph, identify and explain the major component of New Economic Policy of 1991 that are being referred to by quoting lines from the paragraph. 2019-4-6

Dear Student

Liberalisation: Removing barriers or restriction set by the govt. is known as liberalisation. With liberalisation of trade, businesses are allowed to make decisions freely about what they wish to import or export. The government imposes much less restrictions than before and is therefore said to be more liberal.
Globalisation: Globalisation means the interconnections in economic activities, trade and business that have led to the integration of manufacturing processes and markets around the different economies of the world. It is a process that is an offshoot of the liberalisation of previously closed national economies and opening them up to international manufacturers.
“The ZED model aims to make India the manufacturing hub of the world and prevent the products developed in India from being rejected by the global market.”

Regards

View Full Answer