Which of the following had rapid transformation in recent years in India?

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

Local Trade

Internal Trade

International Trade

Market Trade

answer is C.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

In the past decade, international trade in the country has undergone a massive change.
After independence, the Indian government established trade barriers to protect the fragile economy. Later, in the 1990s, as the New Economic Policy was introduced, trade barriers were slowly removed by the government. It allowed the integration of countries' economies to have a better and free flow of trade and capital and movement of Human resources across borders. It unified the domestic and world economies to promote the free flow of trade, persons and technology. India also joined the World Trade Union and set up Special economic zones.

Watch 3-min video & get full concept clarity