Question

Why had the Indian government put barriers to foreign trade and foreign investments after indelpendence ? Analyse the reasons

Answer 1

 Reasons for putting trade barriers to foreign trade and investment by the Indian government after Independence are :(a) To protect local producers and goods from foreign competition.(b) Industries needed protection so that they could grow and develop in order to be ready to compete with developed countries later on.(c) It imposed restrictions on the import of certain goods.Reasons to remove barriers were :(a) To face competition and improve quality of products.(b) To attract foreign investments.(c) To place orders for production