- LPG reforms involved liberalisation (easing controls), privatisation (reducing state ownership), and globalisation (integrating with the world economy). - FDI liberalisation in various sectors (defence, retail) and disinvestment are concrete policy measures undertaken as part of LPG. - Capital account convertibility is an aspect of financial globalisation, but India has not achieved full convertibility and has taken gradual steps towards it, making it distinct from the fully implemented policy actions listed.
Which policy measure has **not** been a part of Liberalisation, Privatisation and Globalisation ?
Asked in APPSC Group II Prelims 2016 · Topic: Nature of Indian Economy (Evolution from Planned to Market-Oriented Economy)
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