how does foreign trade lead to i
Answers
Foreign trade leads to integration of markets across countries by the processes of imports and exports. Producers can make available their goods in markets beyond domestic ones via exports. Likewise, buyers have more choice on account of imports from other countries
Answer:
Explanation:
After independence ,the government of India had put barrier on foreign trade and foreign investment ,to protect the producers within the country from foreign competition,as they were just coming up in 1950s and 1960s .At that time ,India allowed imports of only essential items such as machinery,fertilisers, petroleum ,etc.
It is notable that all developed countries ,during early stages of development ,have given protection to domestic producers through a variety of means.