Question

Why did the indian government put barriers to foreign trade and foreign investment after independence ? answer required for a 3 mark question.

Answer 1

pls pls mrk as brainlist

Answer 2

Indian government has put barriers to foreign trade and foreign investments after independence because:

It wanted to protect the producer within the country from foreign competition.

As the industries were just coming up in 1950’s and 1960’s the competition from inputs at that stage would not have allowed these industries to come up.

Indian government allowed imports of only essential items such as machinery fertilizers, petroleum, etc.

Hope it helps....