Economy, asked by hanumantha7630, 1 year ago

why did the Indian government put barriers to foreign trade and foreign investment after independence?

Answers

Answered by Nitish0001
5
Indian government has put barriers to foreign trade and foreign investments after independencebecause: It wanted to protect the producer within the country fromforeign competition. ... Indian allowed imports of only essential items such as machinery fertilizers, petroleum, etc
Answered by ashupriti678
3

Answer:

Here's your answer buddy!

After Independence, The Indian government put trade barriers to foreign trade and foreign investment to protect the domestic producers and small industries who were just coming up.

The competition from foreign trade would not have allowed these industries to flourish.

India wanted to become self reliant because of which it promoted investment in public sector undertaking.

Hope it helps! Please upvote :)

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