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According to the guidelines of the second Five-Year Plan, how did the government try to protect the domestic industries? - Political Science

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प्रश्न

According to the guidelines of the second Five-Year Plan, how did the government try to protect the domestic industries?

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उत्तर

The “Import Substitution” policy of the second Five-Year Plan (FYP) was intended to support local companies by replacing imports with domestically produced goods. They used tariffs and quotas to regulate imports into the country.

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2019-2020 (March) Delhi Set 1
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