Liberalization Privatization Globalization — Current Affairs 2026

Current Affairs Connections

Recent developments and news linked to Liberalization Privatization Globalization.

Government Accelerates National Monetisation Pipeline, Targets ₹1.5 Lakh Crore in FY25

March 2025

The National Monetisation Pipeline (NMP), launched in 2021, represents a modern iteration of privatization, focusing on unlocking value from brownfield infrastructure assets across sectors like roads, railways, power, and telecom. The aggressive targets for FY25 indicate the government's continued commitment to leveraging private sector efficiency and capital for infrastructure development, aligning with the privatization pillar of the LPG reforms. From a UPSC perspective, this highlights the evolving nature of privatization, moving beyond outright sale of PSUs to asset recycling and public-private partnerships, while still aiming to reduce the state's direct operational burden and generate resources for new investments.

UPSC Angle: Evolution of privatization policy, asset monetization as a fiscal tool, role of private sector in infrastructure, challenges in implementation of NMP, comparison with traditional disinvestment.

India's Digital Public Infrastructure (DPI) Model Attracts Global Interest, Boosts Digital Economy Integration

February 2025

India's success with Digital Public Infrastructure (DPI) like UPI, Aadhaar, and ONDC is a significant development within the globalization framework. While LPG reforms focused on integrating India with global markets for goods and capital, DPI represents a new frontier for digital globalization. It facilitates seamless digital transactions, fosters innovation, and attracts global tech investments, enhancing India's position in the global digital economy. This demonstrates how India is not just a recipient of globalization but also an innovator, exporting its digital models and influencing global digital governance, a nuanced evolution of the original globalization agenda.

UPSC Angle: Digital economy and globalization, India's role in global digital governance, impact of DPI on financial inclusion and economic growth, challenges of digital divide and data privacy.

Background (2024)

Earlier events that provide context for this topic.

FDI Policy Liberalized for Space Sector, 100% FDI under Automatic Route for Satellite Manufacturing

February 2024

This recent policy change is a clear continuation of the liberalization and globalization agenda. By allowing 100% FDI under the automatic route for satellite manufacturing and related components, India is opening up a strategic and high-tech sector to foreign capital and technology. This move aims to boost domestic manufacturing capabilities, foster innovation, and integrate India's space industry more deeply into the global supply chain, directly reflecting the core tenets of liberalization (reducing government control) and globalization (attracting foreign investment and technology).

UPSC Angle: Sector-specific liberalization, strategic sectors and FDI, Make in India initiative, India's space economy, impact on technological advancement and global competitiveness.