Why did the Indian government put barriers to foreign trade after independence?

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An Intiative by Sri Chaitanya

To protect domestic industries

To stop the western lifestyle

To increase competition

None of the above

answer is A.

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Detailed Solution

The Indian government put barriers to foreign trade after independence to protect domestic industries.
At that time, imports would not have permitted the development of local industries. India only allowed the import of necessities like machinery, fertilizer, petroleum, etc. The Indian government was trying to protect small manufacturers in India from international producers and also help them increase their productivity. But during the 1990s, India faced a massive foreign exchange crisis, and under the World Bank's direction, India opened its market.

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