Define import substitution..
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Posted by Amar Rawat 5 years, 10 months ago
- 3 answers
Yogita Ingle 5 years, 10 months ago
So for many years, the first seven Five-year plans precisely, India adopted the trade policy of inward-looking, or better known as Import Substitution. The policy was simple, we were going to substitute the imports of our economy with domestic production. This trade policy was applied to almost all sectors of the economy.
Ishant Sharma 5 years, 10 months ago
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Shruti Verma 5 years, 10 months ago
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