Question

what were the reason for putting barriers to foreign trade and foreign investment by the government why did it wish to remove these barriers

Answer 1

 The Indian government had put barriers to foreign trade and foreign investment to protect domestic producers from foreign competition, especially when industries had just begun to come up in the 1950s and 1960s. At this time, competition from imports would have been a death blow to growing industries. Hence, India allowed imports of only essential goods.

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. This decision was also supported by powerful international organisations. 

Answer 2

Heya

Here is your answer

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 The Indian government, after Independence, had put barriers to foreign trade and  foreign investment.

 To protect the producers within the country from foreign competition.

 Industries were just coming up in the 1950s and 1960s, and competition from  imports at that stage would not have allowed these industries to come up.  

It wished to remove it because:

 Starting around 1991, some far reaching changes in policy were made in India.

 The government decided that the time had come for Indian producers to compete  with producers around the globe.

 It felt that competition would improve the performance of producers within the  country since they would have to improve their quality.

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