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Question
Study the following case/situation and express your opinion.
The government of India is seriously thinking to allow oil marketing under the public sector, by fixing their own price for petroleum products.
- Name the economic reform related to this decision.
- Name the other two reforms recommended in the new economic policy.
Solution
- Privatization is the economic reform related to this decision.
- The other two reforms recommended in the new Economic policy are Liberalization and Globalization.
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