Before 1991, there were no such brands available in Indian market such as Coke, Samsung ,LG,etc. However nowadays we find many such cheap foreign items in the market The liberalisation of foreign trade have increased the availability. What do you understand by liberalisation of foreign trade how it has helped developing countries like India to grow?
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Answer:
liberalisation refers to removing trade barriers and restrictions between countries
Explanation:
look countries like India there is still lack of poverty and lack of big MNCs so it is compulsory to have cheaper options available in the market that's why liberalisation helps people to get more cheaper products and it benefit the nation buy Texas imposed on international goods inform of custom duty excetra
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