Chapter Wise Topic Wise Notes Class 11 Economics (Indian Economics Development) Chapter 3 Liberalisation, Privatisation and Globalisation: An Appraisal

These chapter-wise, topic-wise notes for Class 11 Economics provide a clear and structured explanation of Chapter 3: Liberalisation, Privatisation and Globalisation (LPG): An Appraisal. The notes cover the key features, objectives, and outcomes of India’s economic reforms since 1991, emphasizing the shift towards a market-oriented economy. Students will learn about liberalisation policies, privatisation of public sector enterprises, globalisation trends, and integration with the world economy. The notes also discuss foreign investment, trade liberalisation, deregulation, and their impact on growth, employment, and social equity. Diagrams, flowcharts, and tables simplify complex concepts and make revision effective. Designed for conceptual clarity and exam readiness, these notes serve as a reliable resource for Class 11 learners to understand the LPG reforms, evaluate their successes and challenges, and develop a strong foundation in Indian Economic Development for academic and competitive assessments.