Question

What was the role of overseas trade in the economy ic prosperity of india

Answer 1

Ever since economic liberalisation kicked off in India in 1991, foreign capital began flowing into the country, licences and permits for setting up industry was gradually disbanded and competition resulted in goods and services of better quality being produced. Best of technology was introduced both through in-house development in the country and by being brought in from overseas. overseas trade hit india economically as foreigner take the goodz wd them without informing