Economy, asked by Anonymous, 5 hours ago

inward looking trade strategy adopted by india in the first seven plan basically aimed at substituting imports with domestic products". discuss.

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Answered by sabinalaskar017

Answer:

Inward looking trade strategy : In the first seven plans trade was characterised by what is commonly called inward looking trade strategy. Technically this strategy is called import substitution. This policy aimed at replacing or substituting imports with domestic production.

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