Why did India put barriers on foreign trade and investment after independence? -SST 10th

1 Answer

Answer :

Soon after independence India put barriers on foreign trade and independent to create a large industrial base which helped in increasing the industrial production. Policies were changed in 1991 because : (a) Global competition of Indian producers will improve the quality of Indian goods. (b) Reduce the problems like unemployment, poverty, inflation etc. and support industrialisation.

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