Economy, asked by ay8197626, 11 months ago

what is inward looking trade strategies for india.​

Answers

Answered by smitu15
0

Answer:

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Explanation:

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Answered by sowmyasony
4

Inward looking trade strategy is also known as import substitution. Its main aim is to produce goods domestically which are imported to our nation. Here, the government protects the domestically produced goods from foreign competition. This policy protects imports in two forms, tariffs and quota.

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