Who is the No 1 Prime Minister of India?
List
| BJP (2) INC/INC(I)/INC(R) (6+1 acting) JD (3) JP (1) JP(S) (1) SJP(R) (1) | ||
|---|---|---|
| No. | Name (Birth–Death) | Term of office |
| 1 | Jawaharlal Nehru (1889–1964) | 16 years, 286 days |
| Acting | Gulzarilal Nanda (1898–1998) | 13 days |
| 2 | Lal Bahadur Shastri (1904–1966) | 1 year, 216 days |
Who brought Globalisation to India?
Dr Manmohan Singh
What are the disadvantages of Liberalisation?
Disadvantages of Liberalisation:
- Increase in unemployment: Due to liberalisation some industries grow, some decline.
- Increased dependence on foreign nations: Trade liberalisation means firms will face greater competition from abroad.
- Unbalanced development: Trade liberalisation may be damaging for developing economies.
What are negative effects of liberalization?
(i) Tremendous redistribution of economic power and political power leads to destabilising effects on the economy. (ii) Rapid increase in technology forces enterprises to adapt to changes, or close their businesses. (iii) Competition has increased for Indian firms. (iv) Threat from multinational corporations.
What are the negative effects of LPG?
Negative impacts of LPG policy: – Agriculture sector can be ignored. – Uneven growth process. – Increased rate of consumerism.
Is liberalization good or bad?
Economic liberalization is generally thought of as a beneficial and desirable process for developing countries. The underlying goal of economic liberalization is to have unrestricted capital flowing into and out of the country, boosting economic growth and efficiency.
What are the advantages and disadvantages of Liberalisation?
ADVANTAGES OF LIBERALIZATION
- Di-licencing of industries.
- Increase in foreign direct investment.
- liberalization of foreign technology.
- Industrial location.
- Faster growth and poverty reduction.
- Increase in employment.
What is the aim of Liberalisation?
The liberalisation aims at putting an end to the restrictions that can be hindrances to the growth and development of the country. The fewer restrictions of the government in a nation allow private companies to work independently and expand for the development of the country.