CHAPTER 22
Liberalization
CHAPTER OUTLINE
⢠Background
⢠Policy Changes
⢠The Path of Liberalization
⢠Liberalization—An Assessment
⢠Liberalization and Growth of Indian Economy
⢠Case
⢠Key Words
⢠Questions
⢠References
BACKGROUND
The emergence of independent India on August 15, 1947, was the beginning of a new, glorious era in the history of our country. The Government of India set up the Planning Commission in 1950 to assess the country’s needs of material capital and human resources in order to formulate plans for their more balanced and effective utilisation. Since 1950–51, India has ...
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