what was reasons for putting barriors to foreign trade and investment by Indian government ? why did it wish to remove these barriors?
Answers
- To protect the producers within the country.
- To flourish the production of India
It wished to remove the barriers because :
- It thought that removing the barrier would help the producers to increase their production with the help of competition
- To increase the no. of choice of goods in the Indian market
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what was reasons for putting barriers to foreign trade and investment by Indian government ? why did it wise to remove these barriers?
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In New Economic Policy in 1991, the government wished to remove these barriers because it felt that domestic producers were ready to compete with foreign industries. It felt that foreign competition would in fact improve the quality of goods produced by Indian industries.Nov 22, 2019
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