Question

Role of quotas and tariffs in protectinist policy of india

Answer 1

Tariff Policy

The tariff policy pursued by the British government was also responsible for the decay of handicrafts. The tariff policy allowed for 'one-way free trade'. In 1813, strategies were devised by the Company to enhance the consumption of finished goods from Britain. In this respect the tariff and octroi policies were suitably modified to suit the British commercial interests. To put her manufacturing industries on a sound footing at home, England pursued the policy of protection through the imposition of import duties.