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Why we were a put barrier after freedom?

Posted by Abhishek Singh 6 years, 10 months ago

CBSE > Class 10 > Social Science

2 answers

Jishnu Mohan 6 years, 10 months ago

We put the trade barrier after the independence because we need to develop our country first after the independence. When the MNC's enter our country we could not develop our products.

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Yogita Ingle 6 years, 10 months ago

Rate barrier are rules and regulations that regulates foreign trade.
Indian government put barriers to foreign trade after independence because of the following reasons
(i) To protect the domestic producers within the country from foreign competition.
(ii) The competition from importers would have crippled the new born industries of India.
In such a situation, imports of only such commodities were allowed which were quite necessary such as machinery, fertilisers, petroleum etc.
(iii) During 1950s and 60s, competition from imports was giving a death’blow to growing industries in India.

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CBSE > Class 10 > Social Science