Economics · Composition of India's Foreign Trade
In the historical context of India's post-independence trade policy reforms, the increasing import of raw materials was primarily driven by which of the following measures?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Liberalization of imports to promote export-oriented production✓
- 2Strict restriction on foreign technology transfers
- 3Complete nationalization of the domestic manufacturing sector
- 4Imposition of heavy tariffs on traditional exports
Correct answer
Liberalization of imports to promote export-oriented production
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