Question

what is trade barrier why Indian government continue d science 1991​

Answer 1

Answer:

In the New Economic Policy of 1991, India removed trade barriers because: India was lacing a serious economic crisis in 1990-91 because of slow economic growth, inefficient public enterprises, high inflation and rising fiscal deficit.

Answer 2

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Liberalisation of trade and investment policies has helped the globalisation process by making foreign trade and investment easier. Earlier, several developing countries had placed barriers and restrictions on imports and investments from abroad to protect domestic production.