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
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