Question

2. What was the reasons for putting barriers to foreign trade and foreign investment by
the Indian government? Why did it wish to remove these barries​

Answer 1

Answer:

Answer: The Indian government, after Independence, had put barriers to foreign trade and foreign investment. This was done to protect the producers within the country from the foreign competition especially when industries had just started to come up in the 1950s and 1960s.

Answer 2

Answer:

The Indian government, after Independence, had put barriers to foreign trade and foreign investment. This was done to protect the producers within the country from the foreign competition especially when industries had just started to come up in the 1950s and 1960s.

But later, in 1990s, the government accepted that foreign competition would encourage Indian industrialists to improve the quality of their products and removing these barriers would increase trade and quality of products produced in the country.