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Globalization is a process that encompasses the causes, courses, and consequences of transnational and transcultural integration of human and non-human activities. India had the distinction of being the world's largest economy till the end of the Mughal era, as it accounted for about 32.9% share of world GDP and about 17% of the world population.
Dr. B.R. Ambedkar is a proponent of liberalism in India, promoting individual rights, social equality, and constitutional democracy. As the primary architect of the Indian Constitution, he incorporated liberal ideas such as free speech, secularism, and the rule of law, assuring protections for oppressed groups. [14]
The economic liberalisation in India refers to the series of policy changes aimed at opening up the country's economy to the world, with the objective of making it more market-oriented and consumption-driven. The goal was to expand the role of private and foreign investment, which was seen as a means of achieving economic growth and development.
In India, the INC was founded in the late 19th century by liberal nationalists demanding the creation of a more liberal and autonomous India. [166] Liberalism continued to be the main ideological current of the group through the early years of the 20th century, but socialism gradually overshadowed the thinking of the party in the next few decades.
Liberalism became a distinct movement in the Age of Enlightenment, gaining popularity among Western philosophers and economists. Liberalism sought to replace the norms of hereditary privilege, state religion, absolute monarchy, the divine right of kings and traditional conservatism with representative democracy, rule of law, and equality under ...
The Liberal party was formed in 1919, [1] and British intellectuals and British officials were often participating members of its committees. The Indian National Congress , which had been formed to create a mature political dialogue with the British government, included both moderates and patriots.
In addition, liberal internationalists are dedicated towards encouraging democracy to emerge globally. Once realized, it will result in a "peace dividend", as liberal states have relations that are characterized by non-violence, and that relations between democracies are characterized by the democratic peace theory.
Economic liberalization, or economic liberalisation, is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities.