Why did the government of India remove trade barriers ? Explain this s reason.
Answers
Explanation:
1991 new economic policy was made according to this policy the government remove all the Great Barrier because the government think that now the goods of country is ready to compete with foreign countries . it would increase the quality of our country's good .
so ,in order to increase the quality of good and to compete with the foreign goods government remove dotted barriers .
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.