Economics · Trade Policy 1991

What structural shift was introduced under the Trade Policy of 1991 regarding domestic industries?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Imposing strict quantitative restrictions on all raw material imports
2Nationalizing all major export-oriented private industries
3Abolishing excessive protectionism to enhance competitiveness and global integration✓
4Increasing import tariffs to provide complete isolation from global brands

Correct answer

Abolishing excessive protectionism to enhance competitiveness and global integration

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