Mention the reasons that forced Indian …

The Indian Government, after gaining independence, imposed restrictions on foreign trade and foreign investment. a. To protect Indian Industry: The Indian governmment erected barriers to foreign trade and foreign investment, especially when industries were only starting to emerge in the 1950s and 1960s. Import competition would have been a death blow to expanding industry at that time. As a result, India only authorised imports of necessary products. b. To promote Indian Heritage: The Indian government wanted to promote Indian heritage. This helped in the widespread flow of culture and heritage worldwide. c. To establish basic industries: Some restrictions were levied to provide boost to basic industries like ison and steel, coal etc. Around 1991,government felt that it was the proper time for Indian producers to face competition and all improve quality of products in comparison to foreign producers. d. To check free flow of goods: Governments can use trade barriers to increase or decrease foreign trade and to decide what kinds of goods and how much of each, should come into the country. e. To provide employment: These restrictions on foreign trade and foreign investment helped the Indian youth as it helped to increase the employment opportunities. f. To boost economy: As the employment opportunities increased it steadily helped to boost the economy of the nation. g. To continue and revive lost crafts: It helped India to continue and revive lost crafts. India is worldwide famous and is famous for its handicrafts and therefore helped in the in the spread of crafts worldwide.