Question

‘Barriers on foreign trade and foreign investment were removed to a large extent in India since 1991.’ Justify the statement

Answer 1

 Removal of barriers on foreign trade and foreign investment:
(a) Barriers on foreign trade and foreign investment were partially removed.
(b) Goods could be improved and exported easily.
(c) Foreign companies could set up factories and offices here.
(d) Opportunities for Indian producers to compete with producers around the globe. 

Answer 2

"Barriers on foreign trade and foreign investment were removed to a large extent in India since 1991."

1) Due to this, imports and exports could easily flow between different countries.
2) It allowed the local producers to compete with products at global level, so that they could improve the quality of their product.
3) Global MNCs could setup their production units , they brought latest technology of production to the country.