How did the Indian companies gain after the trade barriers were removed by the government?

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

Expansion of Market

Competition

Technology

All of the above

answer is D.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

The Indian companies gained after the trade barriers were removed by the government by the expansion of the market, competition and technology.
In India, trade barriers were removed in the year 1991. More job opportunities can be created so that unemployment can be reduced. If more job opportunities are made, there will be income growth, providing access to better facilities. The removal of trade barriers by the government provided companies with the opportunity to invest more funds into the market. FDI allowed access to improved technology through MNCs and created more job opportunities, leading to an improved standard of living in Indian society.

Watch 3-min video & get full concept clarity