Why did the Indian government liberalize trade regulations in 1991
Globalization and Indian Economy (10)Why did the Indian government liberalize trade regulations in 1991?
- 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.
Answer
(C) Govt. wanted Indian producers to compete in the world Market.
- Exam Year: 2023
Related Questions
- WTO establishes rules regarding international trade
- Explain the impact of Globalization with examples
- How is information technology connected with globalization
- How do Multi-National Corporations (MNCs) interlink production across countries
- Foreign trade integrates the markets in different countries
- How can the Government of India play a major role to make globalisation more fair