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Class 10
Social Science - Understanding Economic Development
Globalisation and the Indian Economy
what was the reason for putting barriers to foreig...

Question:
What was the reason for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?

Answer:

The Indian government after independence had put barriers to foreign trade
and foreign investment. This was done to protect the producers within the country from foreign competition especially when industries had just started to come up in the 1950s and 1960s. but later in 1990s the government accepted that foreign competition would encourage Indian industrialists to improve the quality of their products and removing these barriers would increase trade and quality of products produced in the country.

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Question:
What was the reason for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?

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Question: What was the reason for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?

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Question:
What was the reason for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?