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The concept of 'Globalisation of the Indian economy' primarily means:

  1. A
    stepping up external borrowings.
  2. B
    establishing Indian business units abroad.
  3. C
    having minimum possible restrictions on economic relations with other countries.
  4. D
    giving up programmes of import substitution.

Solution & Step-by-step Explanation

Globalization implies integrating the domestic economy with the global economy. This involves reducing trade barriers, eliminating quotas, lowering custom tariffs, and keeping the minimum possible restrictions on the cross-border movement of goods, services, capital, and labor.

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The concept of 'Globalisation of the Indian economy' primarily means:
A
stepping up external borrowings.
B
establishing Indian business units abroad.
C
having minimum possible restrictions on economic relations with other countries.
D
giving up programmes of import substitution.

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