1)why had the indian government put barrier to foreign trade & investment after independence ? ....
2) what is investment ?
Answers
Answer:
1) The Indian Government had put barriers on foreign trade and investments after Independence. It was done to protect the interests of the producers and small industrialists in the country from foreign competition
2) An investment is essentially an asset that is created with the intention of allowing money to grow. ... One, if you invest in a saleable asset, you may earn income by way of profit. Second, if Investment is made in a return generating plan, then you will earn an income via accumulation of gains.
Explanation:
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Explanation:
HEY MATE .........
- 1. The Indian government after independence had put barriers to foreign trade and investment in order to protect the domestic producers of goods and services from the foreign competition.
2. As the Indian economy was instable and weak after the British left India, it was important to allow the economy to develop and flourish itself in order to cope up with the high levels of development abroad.
3. Further, industries were coming up in the 1950s and 1960s, and tough competition from imports at that stage would not have allowed these industries to develop. Therefore, the number of imports was strictly regulated by the government for only certain essential items such as machinery, fertilizers, petroleum etc.
- An investment is an asset or item acquired with the goal of generating income or appreciation. ... For example, an investor may purchase a monetary asset now with the idea that the assetill provide income in the future or will later be sold at a higher price for a profit.
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