Social Sciences, asked by Mg0606, 11 months ago

Why did India think to remove trade barrier??

Answers

Answered by twinkle1258

bcoz India was facing a serious economic crisis in 1990-91 bcoz of slow economic growth

hope it helps you mate

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Sachins123: maharashtra

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Answered by nasirulhaq6595

Answer:

HERE IS YOUR ANSWER DEAR...

Explanation:

1. The government of India decided that the Time had come for Indian traders to compete with the producers and manufacturers of the world.

2. Government felt that competition would improve the performance of producers.

3. The decision to remove trade barriers was supported by powerful international organizations like World Bank, World Trade Organization and International Monetary fund.

4. Businessmen are allowed to take decisions freely about their imports and exports. In this way Government decentralized the power to the businessmen.

5. Advance technology and Foreign Investment is required for the development of country.

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