Question

Why have the barriers on foreign trade and foreign investment been removed to a large extent by the Indian Government? Explain.

Answer 1

Barriers on foreign trade and foreign investment were removed to a large extent in India since 1991." 1) Due to this, imports and exports could easily flow between different countries. 2) It allowed the local producers to compete with products at global level, so that they could improve the quality of their product.

Answer 2

Answer:

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"Barriers on foreign trade and foreign investment were removed to a large extent in India since 1991."

1) Due to this, imports and exports could easily flow between different countries.

2) It allowed the local producers to compete with products at global level, so that they could improve the quality of their product.

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