[[1]] refers to the removal of trade barriers in an economy.

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Liberalisation refers to the removal of trade barriers in an economy.
A liberalisation policy was introduced in the country as part of the 1991 reforms. With liberalisation, restrictions on trade were removed. The government earlier believed in keeping the economy with trade restrictions to protect domestic producers. The idea was that if trade restrictions were removed, cheaper goods from other countries would be in greater demand than domestic ones, which would put the domestic producers into trouble. However, the government was willing to remove these barriers only when it felt that the domestic industries were good enough to compete with the foreign ones. Thus, in 1991, it acted as a catalyst for the LPG reforms.

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