Answer :

The barriers to foreign trade and investment are put through imposing a tax on imports.

The Indian Government had to put such trade barrier on foreign trade after Independence. this was necessary to save the producers within the country from the foreign competition. After Independence India was feeble in its economy, there was unemployment at large, and the influx of foreign goods would mean barring own nation’s development. So to boost the indigenous production the government had to take such a step.

Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
view all courses

Match the followiAP Board - Social Studies

Globalization wilAP Board - Social Studies

Supposing you finAP Board - Social Studies

How would flexibiAP Board - Social Studies

“The impact of glAP Board - Social Studies

Fill in the blankAP Board - Social Studies

What were the reaAP Board - Social Studies

Why do developed AP Board - Social Studies

How has liberalizAP Board - Social Studies

How does foreign AP Board - Social Studies