Economics · Indian Economy (Pre-1991)
What was India's inward-looking trade strategy before the 1991 reforms, which aimed to replace foreign imports with domestic production, called?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Export Promotion
- 2Import Substitution✓
- 3Globalization
- 4Privatization
Correct answer
Import Substitution
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