Advertisements
Advertisements
प्रश्न
Why did the Indian Government put barriers to foreign trade and foreign investments after independence? Analyse the reasons.
Why had Indian government put barriers to foreign trade and foreign investment after independence? Explain.
उत्तर
The Indian government had put barriers on foreign trade and investments after Independence. It was done to protect the interests of the producers and small industrialists in the country from foreign competition. It was feared that the producers will not be able to survive the wealthy foreign companies immediately after Independence. In 1991, the government felt that the time has come to allow foreign companies to invest in Indian markets. This would also force Indian producers to improve the quality of their goods and services. Hence, the government removed the barriers on foreign trade to a large extent.
APPEARS IN
संबंधित प्रश्न
“Foreign trade integrates the markets in different countries”. Support the statement with arguments
"Advancement of international trade of a country is an index to its prosperity." Support the statement with suitable examples
Which one of the following has been the major source of foreign exchange for IT industry?
(A) Bharat Heavy Electricals Limited
(B) Oil India Limited
(C) Steel Authority of India Limited
(D) Business Process Outsourcing
What was the reason for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?
How has liberalisation of trade and investment policies helped the globalisation process?
Distinguish between investment and foreign investment.
Explain any five facilities available in the special economic zones developed by the Central and State Governments to attract foreign investment.
Answer the following question.
How has foreign trade been integrating markets of different countries? Explain with examples.
Analyze the contribution of foreign investment in globalization.
Entry of MNCs in a domestic market may prove harmful for:
Cheaper imports, inadequate investment in infrastructure lead to:
Foreign trade results in connecting the markets or integration of markets:
Foreign Trade creates an opportunity for the producers to:
Evaluate the impacts of opening foreign trade on the global economy by identifying the appropriate statements among the following options:
- The choice of goods in the markets increase.
- Producers from two countries closely compete against each other despite the distance between their locations.
- Foreign trade thus results in connecting the markets or integration of markets in different countries.
- The quality of the product is always good.
Which one of the following statements best describes the meaning of 'Globalisation'?
“Foreign trade results in connecting the markets in different countries.” Support the statement in the context of globalisation.
