‘Barriers on foreign trade and foreign investment were removed to a large extent in India since 1991.’

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#1

‘Barriers on foreign trade and foreign investment were removed to a large extent in India since 1991.’ Justify the statement.

Answer.
Removal of barriers on foreign trade and foreign investment:

  • Barriers on foreign trade and foreign investment were partially removed.
  • Goods could be improved and exported easily.
  • Foreign companies could setup factories and offices here.
  • Opportunities for Indian producers to compete with producers around the globe.