Page 4 - mind map_ Change and Development in Industrial Society

GLOBALISATION, LIBERALISATION AND

CHANGES IN INDIAN INDUSTRY

❑ It is in the 1990’s when government has followed a policy of

liberalisation.

❑ Private companies, especially foreign firms, are encouraged
to invest in sectors earlier reserved for the government,

including telecom, civil aviation, power etc.

❑ Foreign products are now easily available in Indian shops. As

a result of liberalisation, many Indian companies have been
bought over by multinationals. At the same time some Indian

companies are becoming multinational companies.