what is the impact of lpg on law and letigation
Dear aspirant .
Hope you are doing well ! See, In 1991 the unemployment rate was high but after India adopted new LPG policy more employment got generated as new foreign companies came to India and due to liberalisation many new entrepreneurs started companies. Per Capita income increased due to an increase in employment.
The Indian economy has surely become vibrant after the LPG reforms. The overall growth of the economy has trended up as indicated by GDP growth . Post LPG policies, the growth of GDP shot up to as high as 8 percent per annum.
Hope it helps you