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Social Science: Globalisation and the Indian Economy - Impact and Fair Globalization

Why had the Indian Government put barrier to foreign trade and foreign investment after independence? State any one reason.

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Solution

The Indian Government put barrier to foreign trade and foreign investment after independence because it had to protect its own industries. It was the time when indigenous industries required to be backed and supported. Only such a measure could lay the foundation of a future strong economy.

Concept: Impact and Fair Globalization
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