Why did the Indian government removed …

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Why did the Indian government removed barrier to a large extinct to a foreign trade and foreign investment

Posted by Praveen Oraon 6 years ago

CBSE > Class 10 > Social Science

2 answers

Yogita Ingle 6 years ago

In 1991, the Government of India liberalised its policy and felt that Indian producers must compete with producers around the world.
The Government had an opinion that trade competition would improve the performance of the local producers within the country since they will be forced to improve their quality.
Thus, Indian Government removed barriers to a large extent on foreign trade and foreign investment.

1Thank You

Raunak Chauhan 6 years ago

Is it because to invite the MNCs in india .So that the unemployment decrease and production within the country raise and India become more self dependent.

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