Why had Indian government put barriers to foreign investment after independence? Explain.
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After independence
1) The government decided to put trade barriers so as to protect the local producers.
2)The local industries and producers were just developing and growing out of the trade constrictions by the Brtitsh.
3) thus putting up the pressure from the International market on the developing industrial sector was not considered appropriate.
4)Only imports like Petroleum gems minerals were allowed that were very important and thus the government controlled the amount of goods and what type of goods to be imported.
1) The government decided to put trade barriers so as to protect the local producers.
2)The local industries and producers were just developing and growing out of the trade constrictions by the Brtitsh.
3) thus putting up the pressure from the International market on the developing industrial sector was not considered appropriate.
4)Only imports like Petroleum gems minerals were allowed that were very important and thus the government controlled the amount of goods and what type of goods to be imported.
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