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Barriers on foreign trade were removed to a large extent in India\'s since 1991 justify ?? |
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Answer» The producers of various goods were driven by the impetus to produce a better quality good.Businesses were also able to control the import and export ofgoods.Foreign mncs wre able to put up their production in india. Removal of barriers on foreign trade and foreign investment:\tBarriers on foreign trade and foreign investment were partially removed.\tGoods could be improved and exported easily.\tForeign companies could setup factories and offices here.\tOpportunities for Indian producers to compete with producers around the globe. Trade barriers were put by govt. so as to keep our countries secured till they develop.. in 1991 these barriers were removed so as to liberalise the trade and so that the industries will face a competition in international market and improve their quality of goods... |
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