Economy, asked by poojaarya14166, 5 months ago

what do you mean by import substitution policy ? why India adopted this?​

Answers

Answered by singhprince0457
2

The purpose of this policy is to change the economic structure of the country by replacing foreign goods with domestic goods. Post-Independence India adopted the policy of import substitution by imposing heavy tariffs on import duty. The industrial policy that the country endorsed was linked to the trade policy...

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Answered by asad3018
0
I have no idea. As I don’t live in India
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