Take Class 10 Tuition from the Best Tutors
Affordable fees 1-1 or Group class Flexible Timings Verified Tutors Search in
Asked by Samskriti Last Modified
Answer 
Due to fallowing reasons, the Government of India removed trade barriers
(i) India was lacing a serious/economic crisis in 1990-91 because of slow economic growth, inefficient public enterprises, high inflation and rising fiscal defecit.
(ii) The Government of India decided that the time had come for Indian producers to compete with producers around the globe.
(iii) The decision to remove trade barriers was supported by powerful international organisations like IMF, WTO, etc.
(iv) Removing barriers or restrictions set by the government is known as liberalisation.
Government of india removed trade barriers to facilitate and promote indian trade into global market. There are several export duties and import duties which are imposed by the government in order to restrict or prevent indian products from unnecessary competition. There is globalisation which gives boost to many indian industries in different countries and simultaneously dhire to competitors and rivals industrialists improve the quality of their products and the prices also remain under check. This helps global consumers to avail any products with competitively at lie price and of better quality, that's why the government of india removed trade barriers.
read less
In our country we had trade barriers as India was on mixed Economy policy to protect our nascent growing countries on several products like jute, cotton , tea & cofee,etc., when we reached. 1970 & 80’s .. we started exports imports were high . Resulted in big BOP problem. So. Manmohan Singh - Narasimha Rao went for porogressive removal of all trade barriers & tariffs .. we went globalisation of markets & liberalisation policies fetched hug worl markets & GDP rose double digits growth of 10 % to 12% in 1990 to 2016.. we get to produce world class products & at very low unit price .. this is made good by open economy trade with no trade barriers ..Dr K S Velmurugan Director KMCPGS Pondicherry
read lessView 1 more Answers
Related Questions
Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com
Ask a QuestionRelated Lessons
Recommended Articles
Meet Raghunandan.G.H, a B. Tech Tutor from...
Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...
Read full article >
Quest Academy - Institute of the month
Quest Academy is a professional Bangalore based NEET and JEE (Main + Advanced) training institute. The academy was incorporated in 2015 to cater to the needs of students, who aim to crack competitive exams by connecting with the best brains around. The institute helps students enhance their skills and capabilities through...
Read full article >
Meet Sandhya R, a B.Sc tutor from Bangalore
Sandhya is a proactive educationalist. She conducts classes for CBSE, PUC, ICSE, I.B. and IGCSE. Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding. She mentors her students personally and strives them to achieve their goals with ease. Being an enthusiastic...
Read full article >
Meet Swati, a Hindi Tutor from Bangalore
Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...
Read full article >
Looking for Class 10 Tuition ?
Learn from the Best Tutors on UrbanPro
Are you a Tutor or Training Institute?
Join UrbanPro Today to find students near youThe best tutors for Class 10 Tuition Classes are on UrbanPro
The best Tutors for Class 10 Tuition Classes are on UrbanPro
9
