Question

Q2 After independence the Indian government put barriers to foreign trade and foreign investment to protect the

Indian producers from foreign competition. Why did it decide to remove these barriers around 1991? List any two

benefits of this change in policy for Indian customers.​

Answer 1

Explanation:

#Because India doesn't do the discrimination between black and white

#Because India is a great country

#Because India is a great democracy

Answer 2

Answer:

After Independence, the Indian government had put barriers to foreign trade and foreign investment termed as 'trade barriers'. This was considered necessary to protect the producers within the country from foreign competition.

in 1991, the government wished to remove these barriers because it felt that domestic producers were ready to face the competition with foreign industries. d) it felt that foreign competition would improve the quality of goods produced by indian industries