What was the reasons for putting …
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Yogita Ingle 6 years, 4 months ago
Post-independence India put barriers on its foreign trade as the imports had exceeded exports and the country was in a huge debt. To reverse the debt and improve the country’s financial condition the government decided to minimize its imports and foreign investment and maximize exports.
In the recent past the government decided to remove these barriers so that the local producers improve their quality of products and match the international standards.
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