CBSE Class 10 Answered
What are the reasons for putting trade barrier just after the independence by the Indian Government?
Asked by roysubarna2016 | 24 Mar, 2019, 08:55: AM
Expert Answer
Trade barriers are used by a government to regulate foreign trade in the country.
The Indian government after independence had put trade barriers to foreign trade and foreign investment in order to protect the domestic industries and producers from the stiff foreign competition. As the industries were just opening up and were not ready for competition it was necessary for the government to impose trade barriers.
However imports were allowed of certain essential items which was required in the country.
Answered by Christina | 25 Mar, 2019, 09:56: AM
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