Question

What are trade barriers? Why did the indian govt put trade barriers after indipendence

Answer 1

Tax on imports is called as trade barrier. Indian govt had put barriers to foreign trade because it was considered necessary to protect the producers within the country from foreign competition. Govt thought that trade barriers is only needed to increase or decrease trade and little did they know that it would improve the performance of producers with the improvement in technology.

Answer 2

Governments handles the situation of foreign trade to increase or decrease through trade barriers and to decide quantoty of goods should come into the country. after independence trade barriers because it was considered necessary to protect the consumers from foreign competition...

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