Dr. Sukhjinder Singh PhD

The scheme aims to attract investments in key sectors and cutting-edge technology; ensure efficiency, bring economies of size and scale in the manufacturing sector and make Indian companies and manufacturers globally competitive. #makeinindia #investinindia IPQC Consulting Services #productivity #innovation

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The Indian Ministry of External Affairs advises against travel to Iran and Israel until further notice. Additionally, urge to all Indian nationals residing in the region to register themselves with Indian embassies for assistance and support in case of any unforeseen circumstances. Stay informed, stay safe. 🇮🇳 #MEA #TravelAdvisory #SafetyFirst #Irannews #Israelnews #safetyfirst #internationalnews #GCC #travelling #Jobsabroad #NRI

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quick bite….(HR….LPG)…. Liberalization, privatization, and globalization are the three strategies that were adopted by the Government of India under its New Economic Policy in 1991 when India was heading toward an economic crisis. The 1980s were a difficult time for India as it headed toward an economic crisis. With government spending exceeding revenue by a worrying margin, borrowing was not a sustainable option, but something that would cripple the economy. Imports were now matching exports and exports were not increasing. This led to such a fall in foreign exchange reserves that they would not be sufficient to finance any imports after two weeks. International lenders charged rates of interest that were becoming more and more accessible to the country to pay back. This also led to a decline in India’s international reputation and no money could be secured. Finally, India opted to approach the World Bank (IBRD- International Bank for Reconstruction and Development) and the International Monetary Fund (IMF). India got a loan of $7 billion to deal with the crisis. However, to get credit, the country had to ‘liberalize’ its economy by loosening and removing restrictions on its private sector. LPG reforms in 1991 International agencies also expected a reduction in the government’s role in the economy and the removal of trade restrictions between other countries and India. To implement these changes, India introduced LPG reforms in 1991, which had liberalization, privatization, and globalization as its core principles. To lessen the restrictions on businesses, India adopted the Liberal model which gave freedom from direct and/or physical control of the government. To make the economy more open, guarantee more economic and financial independence, and integrate the economy on a global scale, India adopted a Global model. To make the economy more efficient and less state-owned and controlled, India opened to the privatization of state-owned ventures. Definition of Privatization, Liberalization and Globalization Popularly known as the LPG Reforms of 1991, it changed the Indian way of doing business. The three terms mean: Liberalization: A liberalized economy ensures greater freedom from any physical or direct control extended by the country’s government. Privatization: In an economic system in which the elements are privatized, there would be private sector participation in the case of state-owned enterprise ownership Globalization: A globalized economy would be more open and would provide more economic freedom. It will also have a promising scope of economic integration on a global scale. #hr #quickbite #india #ESG #sustainability #LPG

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Although in geo politics and International Relations,India is surging ahead with great policy moves and high confidence but has to lay more impetus on Neighbourhood, especially under new circumstances in Maldives, Bangladesh, Nepal and now SriLanka A reality-based analysis by me . 𝐃𝐨 𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞 𝐭𝐨 𝐦𝐲 𝐲𝐨𝐮𝐭𝐮𝐛𝐞 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 𝐟𝐨𝐫 𝐈𝐧𝐝𝐢𝐚 𝐂𝐞𝐧𝐭𝐫𝐢𝐜 𝐍𝐞𝐰𝐬, 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝗮𝗻𝗱 𝗮𝗰𝗰𝘂𝗿𝗮𝘁𝗲 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 Jai Hind #India​ #indiainfocus​ #indiaglobal​ #indiaglobalaffairs​ #neighbourhood​ #globalpower​ #indianpower #uno https://lnkd.in/g7FG4eaE

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