Economics · Economic History of India
The import substitution policy pursued by India in the initial decades after independence aimed mainly to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Increase the volume of non-essential imports
- 2Protect domestic infant industries from foreign competition✓
- 3Invite foreign capital seamlessly
- 4Expand exports rapidly
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Protect domestic infant industries from foreign competition
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