ECONOMIC$ ABSTRACT

TITLE OF THE PROJECT:

ECONOMICS AND LEGAL ANALYSIS OF LIBERALISATION, PRIVATISATION &

GLOBALISATION

The economy of India had undergone significant policy shifts in the beginning of the 1990s. This
new model of economic reforms is commonly known as the LPG or Liberalisation, Privatisation
and Globalisation model. The primary objective of this model was to make the economy of India
the fastest developing economy in the globe with capabilities that help it match up with the
biggest economies of the world.

The chain of reforms that took place with regards to business, manufacturing, and financial
services industries targeted at lifting the economy of the country to a more proficient level. These
economic reforms had influenced the overall economic growth of the country in a significant
manner.

The government of India has adopted the policy of the liberalization, privatization, and
globalization since 1990-91. This is commonly known as policy of Liberalization, Globalization
and Privatization. Before this policy Indian economy was passing through many crises. The
Gross Domestic Products had considerably gone down, the overall production was showing
decline over a long period. Even shortage of foreign exchange reserve and the growth of
employment had considerably gone down. This was due to conservative policy adopted by
government of India. Many restrictions, rules and regulation were imposed on industrial sector
too. There was no free trade on international level. The new licensing system has been created
for the industrial growth and socio – economic development, and as a result various resources of
the economy were not properly utilized in the process of economic development.
Indian society is divided into various castes, sub castes, category and very few castes- category
have production resources that belongs high castes. They are running the business and gets
benefits from liberalizations, privatization and globalization. Before liberalizations, privatization
and globalization, we accepted mixed economy for capitalism and socialism but emphasis was
on socialism. The separate economic processes, that is commonly called globalization include
expansion of international trade in goods, services, industries, free flow of technology, enhanced
flow of foreign direct investment, free movement of persons across national boundaries, and
development of international institutions of governance. The services of globalization affect
virtually every country in the world.
 ECONOMICS SYNOPSI$

TITLE OF PROJECT:
ECONOMICS AND LEGAL ANALYSIS OF LIBERALISATION, PRIVATISATION &
GLOBALISATION

INTRODUCTION:
The economy of India had undergone significant policy shifts in the beginning of the 1990s. This
new model of economic reforms is commonly known as the LPG or Liberalisation, Privatisation
and Globalisation model. The primary objective of this model was to make the economy of India
the fastest developing economy in the globe with capabilities that help it match up with the
biggest economies of the world.
The chain of reforms that took place with regards to business, manufacturing, and financial
services industries targeted at lifting the economy of the country to a more proficient level. These
economic reforms had influenced the overall economic growth of the country in a significant
manner. The separate economic processes, that is commonly called globalization include
expansion of international trade in goods, services, industries, free flow of technology, enhanced
flow of foreign direct investment, free movement of persons across national boundaries, and
development of international institutions of governance.
AIM:

My aim is to analyse all the consistent factors associated with the Economic offence of LPG and
to find out the impact of these consistent factors; whether they are having a positive impact or
negative impact.

OBJECTIVE:

I am going to cover the economic and legal aspects of the ECONOMIC OFFENCE OF
LIBERALISATION, PRIVATISATION & GLOBALISATION

SIGNIFICANCE:
The economy of India had undergone significant policy shifts in the beginning of the 1990s. This
new model of economic reforms is commonly known as the LPG or
Liberalisation, Privatisation and Globalisation model. These economic reforms had influenced
the overall economic growth of the country in a significant manner.

SCOPE OF THE PROJECT:

1. SUBJECT MATTER:

The government of India has adopted the policy of the liberalization, privatization, and
globalization since 1990-91. This is commonly known as policy of Liberalization,
Globalization and Privatization. Before this policy Indian economy was passing through
many crises. The Gross Domestic Products had considerably gone down, the overall
production was showing decline over a long period. Even shortage of foreign exchange
reserve and the growth of employment had considerably gone down.
2. TIME PEROD:

LPG should be done periodically

3. Area:

LPG is processing all over the world..

Literature Review:

Liberalization And Globalisation - P. R. Dubhashi

Liberalisation And Globalisation Extensively Covers Various Facets Of The Subject. The Author
Has Traced The Origin Of The Policy In India To The Economic Crisis Of 1991 And The
Structural Adjustment Programme Of The Imf And The World Bank Which Govt. Had To
Accept In A Situation Of Crisis. He Has Described The Various Stages Of The Evolution Of The
Policy. He Has Critically Analysed The Consequences Of That Policy In Terms Of The Welfare
Of The Common People. He Has Related The Indian Policy Of Liberalisation To The Larger
Scenario Of Globalisation. He Has Laid Bare The Ethical Foundations Of The New Policies And
Its Manifestations

Privatization and Globalization - Sairam Bhat

As one of the premiere law schools in India, NLSIU aims to provide a platform for individuals
from all walks of life and professions to come together and put forth their opinions on varied
intellectually stimulating legal issues, national or international, which greatly contributes to
continuing legal education. The year 1991, which dawned with an economic crisis in the country,
it was by virtue of this divergent Policy that aimed to open new avenues for the economy to
grow. The LPG Policy was considered the window of great opportunity for India, to formally
enter into international market as a potential contender of being a successful competitor in terms
of trade, investment, multi-faceted business avenues etc.

Research problem:

1. Is there any exponential growth in LPG

2. Is there any reforms needed in LPG

Research Question:

1. whether are there any financial measures to be taken to develop the LPG

2. How much profits have the franchises and sponsors made regarding the implementation of LPG.

Research Methodology: My study deals with the Analytical Method of Research

Data and Data Base:

Secondary Data:

The government of India has adopted the policy of the liberalization, privatization, and
globalization since 1990-91. This is commonly known as policy of Liberalization, Globalization
and Privatization. Before this policy Indian economy was passing through many crises. The
Gross Domestic Products had considerably gone down, the overall production was showing
decline over a long period. Even shortage of foreign exchange reserve and the growth of
employment had considerably gone down. This was due to conservative policy adopted by
government of India.

Done By:

Attili Raajitha

2017018

Semester-III