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Why had Indian government put barriers …

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Why had Indian government put barriers to foreign trade and foreign investment after independence? Explain

    • Posted by Sameer Joshi 6 years, 8 months ago

    CBSE > Class 10 > Social Science
    • 2 answers

    Yogita Ingle 6 years, 8 months ago

    Indian government has put barriers to foreign trade and foreign investments after independence because:

    • It wanted to protect the producer within the country from foreign competition.
    • As the industries were just coming up in 1950’s and 1960’s the competition from inputs at that stage would not have allowed these industries to come up.
    • Indian allowed imports of only essential items such as machinery fertilizers, petroleum, etc.

    1Thank You

    Prerna Baid 6 years, 8 months ago

    To protect the producer within the country from foreign competition.

    0Thank You

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