Choose if the given statement is True/False.

Liberalisation of trade and investment does not promote globalisation.

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True

False

answer is A.

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Detailed Solution

The above statement is True.
Liberalisation of trade and investment promotes globalisation. Globalisation is the integration of the global market. Under liberalisation, the government takes the following steps.
1) Removal of Trade Barriers: Under this, the Indian government has removed restrictions on importing and exporting various goods and services. Multinational companies are now free to invest in or buy Indian companies or set up their operations in India.
2) New Technology: New technology has also entered the country due to liberalisation. There is tremendous development in communication and information technology. People can trade with foreign governments with ease because of it.

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