
Globalization | 565
23. Decanalising oil and agricultural trade
24. Countering anti-dumping measures
25. Resolving market access issues in the services
26. Seeking membership in trade blocs
GLOBALIZATION AND ITS IMPACT
ON THE INDIAN INDUSTRY
Economic Development
The process of economic liberalization began during Prime Minister Indira Gandhi’s
regime in the early 1980s. It continued in a halting manner during the tenure of her son
Rajiv Gandhi’s government in the late 1980s. The aim of the policies was to move away
from a state-controlled, planned economy with an emphasis on investment in heavy
industries run by the public sector, to the one which ...