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- To make the Indian economy market oriented by introducing it in the arena of globalization. To bring down the rate of inflation.
- To move towards a higher economic growth rate.
- To build sufficient foreign exchange reserve.
- To achieve economic stabilization.
- To promote international trade by removing restrictions.
- To increase the participation of private players in all sectors of the economy.
- To reduce the reserved numbers of sectors for the government.
- To reduce the gap between import and export (BOP).
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