What are the commodity exported and imported before 1991 in india?
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Prior to the 1991 economic liberalisation,India was a closed economy due to the average tariffs exceeding 200 percent and the extensive quantitative restrictions on imports. Foreign investment was strictly restricted to only allow Indian ownership of businesses. Since the liberalisation, India's economy has improved mainly due to increased foreign trade.
Hope this helps...
Prior to the 1991 economic liberalisation,India was a closed economy due to the average tariffs exceeding 200 percent and the extensive quantitative restrictions on imports. Foreign investment was strictly restricted to only allow Indian ownership of businesses. Since the liberalisation, India's economy has improved mainly due to increased foreign trade.
Hope this helps...
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Exports and imports of India in 1991 are below, along with number of countries and products
The total value of exports (FoB) was 17,900 million.
The total value of imports (CIF) was 19,509 million.
At the HS6 digit level, 3,837 products were exported to 173 countries and 3,391 products were imported from 123 countries.
✨Hope it helps ✨
The total value of exports (FoB) was 17,900 million.
The total value of imports (CIF) was 19,509 million.
At the HS6 digit level, 3,837 products were exported to 173 countries and 3,391 products were imported from 123 countries.
✨Hope it helps ✨
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