why Indian government put barrier on foreign trade after independence
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The Indian Government, after independance, had put barriers to foreign trade and foreign investment. This was considered necessary to protect the producers within the country from foreign competition.
Industries were just coming up in the 1950's and 1960's and competiton from imports would not have allowed many small scale industries to set up. Thus India allowed imports on very essential items such as machinery, petroleum etc.
1.it was nesessary to protect the producers from foreign competitions.
2. india allowed imports only of essential items inorder to give protection to domestic producers.
3.to maintain or improve the quality of goods after independence.
Industries were just coming up in the 1950's and 1960's and competiton from imports would not have allowed many small scale industries to set up. Thus India allowed imports on very essential items such as machinery, petroleum etc.
1.it was nesessary to protect the producers from foreign competitions.
2. india allowed imports only of essential items inorder to give protection to domestic producers.
3.to maintain or improve the quality of goods after independence.
Answered by
3
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⏩ Restrictions on trade is called Trade barriers.
eg:- Tax on import.
⚡
⏩ Because, It was considered necessary to protect the producers within the country from foreign trade.
✌✌
⏩ Restrictions on trade is called Trade barriers.
eg:- Tax on import.
⚡
⏩ Because, It was considered necessary to protect the producers within the country from foreign trade.
✌✌
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