India adopted a narrow minded trade policy after independence. Give reason.
Answer»
After India became independent, there were several major social and economic issues to be addressed for stabilizing the nation.
It demanded adopting such an economic system that could uplift India’s ruined economy, solve problems of widespread poverty and provide employment to people.
Moreover, India had just come out of the Jong and torturing rule of the British rule i.e. rule of a foreign country. So, India was also under a fear that if it would again relax its foreign trade policies and conduct import-export freely then it may again fail in the trap of some foreign rule.
Hence, India adopted a narrow-minded trade policy after independence.