Economics · Trade Policy 1991
What was the ultimate objective of liberalizing tariffs and reducing regulatory barriers under the Trade Policy of 1991?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To promote the international integration of the Indian economy with global markets✓
- 2To establish a permanent government monopoly over foreign trade channels
- 3To shift the entire economic focus from services to subsistence agriculture
- 4To convert the economy into a completely closed market system
Correct answer
To promote the international integration of the Indian economy with global markets
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