Choose the given statement is true/false:

The Indian government was open to globalisation soon after independence.

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True

False

answer is B.

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Detailed Solution

The above statement is false.
The Indian government did not take any measures toward globalisation. There were measures against it as they put in trade barriers like tariffs and quotas on foreign investments and imports. It was a time when industries were just coming up in India, and they needed protection and support from the government. It was too soon for the nascent industries to compete against the world market's powerful titans. Thus, only the import of essential products was allowed back then, and people were encouraged to take up or employ themselves in various productions or other economic activities.
The correct statement would be that the Indian government was not open to globalisation for a long time after independence.

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