Why did the Government of India remove trade barriers? Explain.

Asked by Last Modified  

3 Answers

+1

Follow 3
Answer

Please enter your answer

Dr Sangeeta Saxena

Assistant professor History since 13 years

Government of india removed trade barriers to facilitate and promote indian trade into global market. There are several export duties and import duties which are imposed by the government in order to restrict or prevent indian products from unnecessary competition. There is globalisation which gives...
read more
Government of india removed trade barriers to facilitate and promote indian trade into global market. There are several export duties and import duties which are imposed by the government in order to restrict or prevent indian products from unnecessary competition. There is globalisation which gives boost to many indian industries in different countries and simultaneously dhire to competitors and rivals industrialists improve the quality of their products and the prices also remain under check. This helps global consumers to avail any products with competitively at lie price and of better quality, that's why the government of india removed trade barriers. read less
Comments
Dislike Bookmark

atics pecialise in mba / economics students of all levels

In our country we had trade barriers as India was on mixed Economy policy to protect our nascent growing countries on several products like jute, cotton , tea & cofee,etc., when we reached. 1970 & 80’s .. we started exports imports were high . Resulted in big BOP problem. So. Manmohan...
read more
In our country we had trade barriers as India was on mixed Economy policy to protect our nascent growing countries on several products like jute, cotton , tea & cofee,etc., when we reached. 1970 & 80’s .. we started exports imports were high . Resulted in big BOP problem. So. Manmohan Singh - Narasimha Rao went for porogressive removal of all trade barriers & tariffs .. we went globalisation of markets & liberalisation policies fetched hug worl markets & GDP rose double digits growth of 10 % to 12% in 1990 to 2016.. we get to produce world class products & at very low unit price .. this is made good by open economy trade with no trade barriers ..Dr K S Velmurugan Director KMCPGS Pondicherry read less
Comments
Dislike Bookmark

JU-IITKGP & 10+ years experienced for boards, JEE,NEET,OLYMPIAD & 5-12

Due to fallowing reasons, the Government of India removed trade barriers (i) India was lacing a serious/economic crisis in 1990-91 because of slow economic growth, inefficient public enterprises, high inflation and rising fiscal defecit. (ii) The Government of India decided that the time had come for...
read more
Due to fallowing reasons, the Government of India removed trade barriers (i) India was lacing a serious/economic crisis in 1990-91 because of slow economic growth, inefficient public enterprises, high inflation and rising fiscal defecit. (ii) The Government of India decided that the time had come for Indian producers to compete with producers around the globe. (iii) The decision to remove trade barriers was supported by powerful international organisations like IMF, WTO, etc. (iv) Removing barriers or restrictions set by the government is known as liberalisation. read less
Comments
Dislike Bookmark

View 1 more Answers

Related Questions

What are Special Economic Zones? Why have they been set up?
SEZs are special economic zones where world class facilities like water, electricity, roads and transport, recreation, education are available. They have been set up to promote foreign companies to invest...
Neha
0 0
7
Which sector has emerged as the largest producing sector in the Indian economy in the last decade? Give reasons.
It appears that agriculture ..lot of people 80 to 90 was in it in 190..by now in2018..dependant ratio is 50%..Are engaged but productivity is low .because of poor monsoons..& no govt support..it is...
Shreyas
Mention any two inland waterways of India. Write three characteristics of each.
Two inland waterways of India are: (i) The Brahmaputra river between Sadiya and Dhubri. (ii) The West-Coast canal in Kerala. Characteristics of Brahmaputra river between Sadiya and Dhubri are as follows: (i)...
Hari
0 0
7
Name three states having black soil and the crop which is mainly grown in it.
Maharashtra, Madhya Pradesh, Karnataka. Main crop is cotton
Sumit
0 0
5

Hi all, I am looking for tutions as a tutor for 1st to 8th grade (all subjects).

I also provide classes of Spoken English (Basics) 

 
Std 1 to 8th All subjects - 3500 for 1hr in month Std 5 - 4500 Std 6 - 5000 Std 7 - 7000 Std 8 - 6000 Spoken english - perclass is 750
Proggnya

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

हड़प्पा सभ्यता (Indus Valley Civilization / सिंधु घाटी सभ्यता)
1. परिचय और समय-सीमा हड़प्पा सभ्यता (Indus / Harappan Civilisation) प्राचीन भारत की एक महत्वपूर्ण सभ्यता है, जिसका मुख्य केंद्र सिंधु नदी के मैदान में था। इसकी प्रमुख नगर—हरप्पा और मोहनजोदड़ो...
A

Akashdeep Singh

0 0
0
How can we deal with various contemporary threats to security?
(i) The various contemporary threats to security are the threats to both traditional and nontraditional nations of security. Most of these threats to security require cooperation rather than military...

Sujoy Das

0 0
0
How to maximize your score in memorizing subjects as Social Science by putting in just 1 hour per day.
We all want to boost our score, don't we. Some subjects like Mathematics require us to have a firm hold over formulas and facts and we must be able to draw a clear picture of what the question is asking...
K

Kunal Kejriwal

0 0
0
Trace the emergence of BJP as a significant force in Indian politics since 1980s.
Since late 1980s, BJP’s political support started gaining strength. Since then its rise has been impressive indeed. The major trends in the electoral performance of BJP since 1989 have been quite...

Sujoy Das

0 0
0
Many tribal areas have rich tradition of grass-root democracy. Illustrate with example.
Tribal groups like Khasi, Jaintia and Garo have their own traditional political institutions. These institutions are fairly well developed and function at various tiers such village, clan and...

Sujoy Das

0 0
0

Recommended Articles

Meet Raghunandan.G.H, a B. Tech Tutor from...

Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...

Read full article >

Quest Academy - Institute of the month

Quest Academy is a professional Bangalore based NEET and JEE (Main + Advanced) training institute. The academy was incorporated in 2015 to cater to the needs of students, who aim to crack competitive exams by connecting with the best brains around. The institute helps students enhance their skills and capabilities through...

Read full article >

Meet Sandhya R, a B.Sc tutor from Bangalore

Sandhya is a proactive educationalist. She conducts classes for CBSE, PUC, ICSE, I.B. and IGCSE. Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding. She mentors her students personally and strives them to achieve their goals with ease. Being an enthusiastic...

Read full article >

Meet Swati, a Hindi Tutor from Bangalore

Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...

Read full article >

Find Grade 10 Tuition near you
Grade 10 Tuition in Delhi
Grade 10 Tuition in Bangalore
Grade 10 Tuition in Hyderabad
Grade 10 Tuition in Kolkata
Grade 10 Tuition in Chennai
Grade 10 Tuition in Mumbai
Grade 10 Tuition in Pune
Grade 10 Tuition in Noida
Grade 10 Tuition in Lucknow
Grade 10 Tuition in Gurgaon
Online Tuition Class 10

Looking for Class 10 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you