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प्रश्न
Why did the Indian government liberalize trade regulations in 1991?
पर्याय
Government wanted foreign exchange equivalent to Indian Currency.
Government wanted to maintain good relations with Western Countries.
Government wanted Indian producers to compete in the World Market.
Government wanted to provide socio-economic justice to all.
उत्तर
Government wanted Indian producers to compete in the World Market.
Explanation:
In 1991, the Indian government liberalised trade regulations, allowing goods to be easily imported and exported. Foreign companies could set up factories and offices here, and Indian producers could compete with producers from all over the world.
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संबंधित प्रश्न
Removing barriers or restrictions on business and trade set by the government is called as ______.
Which of the following is a ‘barrier’ to foreign trade?
Investment means spending on:
Which sector has not benefited from the policy of globalisation?
Telecommunication facilities have been facilitated by:
Information and communication technology has played a major role in spreading out:
The Indian government, after independence, had put barriers to:
Examine the role of Information Technology in stimulating the process of globalization.
"Liberalisation of foreign trade and foreign investment policy have shown far reaching changes in India." Support the statement with suitable arguments.
How is information technology connected with globalisation? Explain.
