3 marks questions
1. Why had the Indian government put barriers to foreign trade and foreign investments after Independence? Analyse the reasons.
Ans. Indian government has put barriers to foreign trade and foreign investments after Independence because-
(I) It wanted to protect the producers within the country from foreign competition.
(ii) As the industries were just coming up in 1950s and 1960s the competition from inputs at that stage would not have allowed these industries to come up.
(iii) Indian allowed imports of only essential items such as machinery fertilizers, petroleum,etc.
1. Why had the Indian government put barriers to foreign trade and foreign investments after Independence? Analyse the reasons.
Ans. Indian government has put barriers to foreign trade and foreign investments after Independence because-
(I) It wanted to protect the producers within the country from foreign competition.
(ii) As the industries were just coming up in 1950s and 1960s the competition from inputs at that stage would not have allowed these industries to come up.
(iii) Indian allowed imports of only essential items such as machinery fertilizers, petroleum,etc.
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