The Indian economy experienced major policy changes in the early 1990s with the new economic reform program known as LPG (Liberalization, Privatization, Globalization), which aimed to make India a fast-growing and competitive global economy. The series of reforms in industries, trade, and the financial sector aimed to increase efficiency. Major changes included freeing industries, increasing investment limits, liberalizing imports/exports, opening the banking sector, increasing foreign investment, and controlling prices.

2.  Indian economy had experienced major policy
changes in early 1990s. The new economic
reform, popularly known as, Liberalization,
Privatization and Globalization (LPG model)
aimed at making the Indian economy as fastest
growing economy and globally competitive. The
series of reforms undertaken with respect to
industrial sector, trade as well as financial sector
aimed at making the economy more efficient.


3.  is the behavior that a business adheres to in its
daily dealings with the world. The ethics of a
particular business can be diverse. They apply
not only to how the business interacts with the
world at large, but also to their one-on-one
dealings with a single customer.
 Ethics are moral guidelines which govern good
behaviour .So behaving ethically is doing what is
morally right.
Behaving ethically in business is widely regarded
as good business practice.

4. economic liberlisation is a very broad term that
usually refers to fewer government regulations
and restrictions in the economy in exchange
for greater participation of private entities.

5.  measures taken for liberlisation:
 freedom for expansion and production to industries.
 increase in the investment limit of the small industries.
 freedom to import the capital goods and raw materials.
 freedom to import technology.
 liberlisation of export and import transactions.
 liberlisation in taxation policy.
 liberlisation in capital markets.
 liberlisation in banking sector.
 increase the foreign investment.
 increase the foreign exchange reserve.
 increase in consumption.
 control over price.
 check on corruption.
 reduction in dependence on external commercial
borrowings.

6.  benefits of liberlisation::
 increase the foreign investment.
 increase the foreign exchange reserve.
 increase in consumption.
 control over price.
 check on corruption.
 reduction in dependence on external
commercial borrowings.

7. limitations of liberlisation:
 increase in unemployment.
 loss to domestic units
 increase dependence on foreign nations.
 unbalanced development.
 increase the imbalances.

8.  privatisation is the process of transfering
ownership of a business,enterprise agency,or
public service from the government to the
private sector.in a broader sense,privatisation
refers to the private sector including
governmental functions like revenue
collection and law enforcement.

9.  contractions of public sectors.
 sales shares of public sectors to the private
sector.
 sick public sector industries.
 memorandun of understanding.
 national renewal fund.

10.  increase in efficiency.
 professional management.
 increase in competition.
 in line with international trends.
 reduction in political interference.
 encourage to new innovations.
 increase the industrial growth.
 increase the foreign investment.
 reduction in public sector.

11.  industrial sickness.
 lack of welfare.
 class struggle.
 increase in inequality.
 opposition by employees.
 political pressure.
 increase in unemployment.
 ignores the weaker sections.

12.  globalisation describes an ongoing process by
which
regional economies,socities,and culture have
become integrated throough a globe-spanning
network of exchange.the term sometimes is used
to refer specifically to economic globalisation: the
integration of national economies into the
international economy through trade,foreign
direct investment,capital flows,migration,and the
spread of technology.

13.  It involves increasing interaction among
national economic system,more integrated
financial market,economies of trade,higher
factror mobility,free flow of technology, and
spread of knowledge throughout the world.

14.  increase the foreign investment.
 partial convertbility of indian rupee.
 foreign trade policy.
 reduction of tarrifs.
 export promotion.
 freedom of repatriate.

15.  increase in foreign trade.
 increase in foreign investment.
 foreign direct investment.
 increase in foreign collaboration.
 increase in foreign exchange reserves.
 expansion of market.
 technological development.
 brand development.
 development of service sectors.
 development of capital market.
 increase in employment.
 reduction in brain drain.
 improvement in standard of living.

16.  loss of domestic industries.
 unemployment.
 exploitation of labour.
 demonstration effect.
 increase in inequalities.
 dominance of foreign institutions.

17. thank
you……………..