Why did the indian government impose …

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Why did the indian government impose restrictions on foreign trade and investment just after independence? What was the purpose of trade barrier?

Posted by Madhu Shree 6 years, 10 months ago

Gaurav Seth 6 years, 10 months ago

ndian 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.

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