Answered

Hw
1. The original financial Crisis in 1991 can be traced from
the inefficient managent of the Indian economy in the 1990's
Dus cuss.
2. The government of India recently decided to sell the
shares of Hindustan Copper Ltd, a public sector undertaking.
Do think of it as a form of privatization ? Name its
other forms
you
-3. Briefly explain the liberalization policy intraduced in
the industrial sector of India as part of New Economic
Policy, 1991.
4. Idently the various favourable conditions prevailing
in India. which make outsourching Possible.



Answer :

GinnyAnswer

Final answer:

The answers discuss privatization, liberalization policy, and outsourcing in the Indian economy post-1990s.


Explanation:

Privatization in India: The original financial crisis in 1991 in India stemmed from the inefficient management of the Indian economy in the 1990s, leading to the need for reforms. The government's decision to sell shares of Hindustan Copper Ltd can be seen as a form of privatization, where publicly owned businesses are transferred to private ownership. Other forms of privatization include asset sales, contracting out, and long-term leasing.

Liberalization Policy in India: The liberalization policy introduced in the industrial sector of India as part of the New Economic Policy in 1991 aimed to reduce government control, promote foreign investment, and encourage competition. This policy opened up the Indian economy to global markets, leading to growth in sectors like information services, healthcare, and industry.

Favorable Conditions for Outsourcing in India: Various favorable conditions in India make outsourcing possible, such as a skilled workforce, lower labor costs compared to Western countries, English proficiency, time zone advantages, and government support for the IT sector.


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