Economics · Indian Economy
How was the strategy of 'Import Substitution' primarily enforced in India during the early planning era?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1By giving heavy subsidies to importers
- 2By imposing high tariffs and import quotas✓
- 3By imposing a complete ban on all domestic exports
- 4By encouraging foreign travel and direct purchasing
Correct answer
By imposing high tariffs and import quotas
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