Barriers to foreign trade and investment in India were removed from

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1991

1984

answer is C.

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Detailed Solution

Barriers to foreign trade and investment in India were removed in 1991.
India adopted the policy of liberalisation post-1991 to overcome its economic crises. India removed barriers to foreign trade and investment in 1991. India adopted the policy of liberalisation, globalisation, and privatisation (LPG). Under this, restrictions placed on imports and exports were removed. Many MNCs, mostly from developed countries, entered India. They were free to buy or partner with any Indian company. India has a huge potential market for consumer goods, and most industries entered the infrastructure, banking, and automobile industries. This step was originally taken to fulfil the requirement set by WHO and IMF for India in return for financial aid to overcome the crisis.

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