Question

What were the reasons for putting barriers to foreign trade and foreign investment?

Answer 1

Answer:

Answer : The barriers to foreign trade and investment are put through imposing a tax on imports. The Indian Government had to put such trade barrier on foreign trade after Independence. this was necessary to save the producers within the country from the foreign competition.

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Answer 2

The barriers to foreign trade and investment are put through imposing a tax on imports. The Indian Government had to put such trade barrier on foreign trade after Independence. this was necessary to save the producers within the country from the foreign competition.