Social Sciences, asked by tiwarishreyanah, 1 year ago

In 1960 to 1970 how do goverment handle the problem of foreign exchange

Answers

Answered by Shri2002
0
I think by imposing trade barrier.

anup41: ???
Answered by nitthesh7
0
They removed trade barriers for easier flow of goods

Due to fallowing reasons, the Government of India removed trade barriers

(i) India was lacing a serious/economic crisis  because of slow economic growth, inefficient public enterprises, high inflation and rising fiscal defecit.

(ii) The Government of India decided that the time had come for Indian producers to compete with producers around the globe.

(iii) The decision to remove trade barriers was supported by powerful international organisations like IMF, WTO, etc.

(iv) Removing barriers or restrictions set by the government is known as liberalisation.

:) Hope this helps !!!!!

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