The Government of India launched “Make in India” initiative in September, 2014 to increase foreign direct investment (FDI) in 25 sectors

Q. The Government of India launched “Make in India” initiative in September, 2014 to increase foreign direct investment (FDI) in 25 sectors. As of April, 2015, FDI inflow in India increased by 48% since the launch of “Make in India” initiative.

Identify the concept being described in the above lines, with regard to inflow of FDI.

A.            Demonetisation

B.            Privatisation

C.            Liberalisation

D.            Globalisation

Answer: Liberalisation