Economics · Foreign Trade Policy
Consider the following statements regarding the structural changes in India's Foreign Trade Policy (FTP) during the 1990s: 1. Quantitative Restrictions (QRs) on imports were significantly reduced or eliminated, particularly for capital and intermediate goods. 2. The average level of custom tariffs was substantially raised to protect domestic industries. 3. The focus shifted from export subsidies to trade facilitation and tax remission schemes. Which of the statements given above are correct?
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Only 1 and 3
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