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Economic Liberalisation Act - the key factor for India's present growth? by Mohammed Shamseer, Strategy Architect, ZeOeS

Economic Liberalisation Act - the key factor for India's present growth?

By : Mohammed Shamseer, Strategy Architect, ZeOeS
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economic liberalisation act - the key factor for india's present growth?

Activity:  1 comments  170 views  last activity : 01 27 2011 18:27:06 +0000
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Recently, I have gone through a news pointing out that India gonna reach the second position in the World in terms of Economical growth after China. When I peeped for the factors behind the growth of our country, I could notice that the trade liberalization act passed by the then FM Sree Manhmohan Singh led by the Narasimha Rao Cabinet in 1991 paved the initial path for this. Later, Liberalization of Communication media in the consecutive year too led India to a strong nation in the field of Communication too.

Is Liberalization act the only factor which made India shining in Economical aspects?

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1 comments on "Economic Liberalisation Act - the key factor for India's present growth?"
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  Commented by  NATTERAJA R. ARIKRISHNAN, AREA SALES MANGER, UNIFLEX CABLES LTD    | 01 27 2011 18:27:06 +0000 
Besides our economic liberalization, there are other factors like increasing development in IT sectors, strong military set up, development in space & satellite launching, the recent nuclear deal with US, our growing consumer market, less costs in production & labor, our educational systems,our efficient manpower, our entrepreneurial capacity,and all other developments in the industrial segments of various manufacturing industries etc.including various power projects.
It would be worth mentioning that our Indian companies have acquired several companies in abroad.
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