explain why the government decided to liberalise the foreign trade and

1.	explain why the government decided to liberalise the foreign trade and foreign investment in India around 1991
Answer» GOVERNMENT decided to liberalise the foreign trade and foreign investment in India AROUND 1991 because to have a foreign competition. In India already almost INDIAN industries are developed.So there is a need for competition with foreign companies and HELPS to EXPAND their business.

explain why the government decided to liberalise the foreign trade and foreign investment in India around 1991

Answer»

GOVERNMENT decided to liberalise the foreign trade and foreign investment in India AROUND 1991 because to have a foreign competition.

In India already almost INDIAN industries are developed.So there is a need for competition with foreign companies and HELPS to EXPAND their business.