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Removing unwanted barriers or restrictions set by the government from trade and industry is known as {fill_ regular}.

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Detailed Solution

Removing unwanted barriers or restrictions set by the government from trade and industry is known as Liberalisation. This liberalisation means removing the trade barriers and allowing other foreign countries to import their product into the nation. The government imposes much fewer restrictions and customs duties than before and is therefore said to be more liberal. With the liberalisation of businesses, trades can freely decide what they want to import or export. The economy of India was liberalised in 1991. Economic reforms were passed to achieve several goals, including modernisation, growth of the role of personal and capital inflows, and the establishment of a free-market economy.

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Removing unwanted barriers or restrictions set by the government from trade and industry is known as {fill_ regular}.