Question

Why did the Indian government wish to remove these barrier

Answer 1

Answer:

⏩In New Economic Policy in 1991, the government wished to remove these barriers because it felt that domestic producers were ready to compete with foreign industries. It felt that foreign competition would in fact improve the quality of goods produced by Indian industries.⏪

Answer 2

Answer:

Explanation: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. After Independence India was feeble in its economy, there was unemployment at large, and the influx of foreign goods would mean barring own nation’s development. So to boost the indigenous production the government had to take such a step.

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