Question

इंडियन इकोनामी इज एंड एग्जांपल ऑफ गिव मी द आंसर​

Answer 1

Explanation:

The Indian government had put barriers on foreign trade and investments after India’s independence. It was done to protect the interests of the producers and small industrialists of our country from foreign competition. It was feared that the producers will not be able to survive the competition from the wealthy foreign companies immediately after the independence.

In 1991, the government felt that the time has come to allow the foreign companies to invest in the Indian markets. This will also force the Indian producers to improve the quality of their goods and services. Hence, the government removed the barriers on foreign trade to a large extent.