10th Class Social Science Globalisation Question Bank Short Answer Type - Globalisation and The Indian Economy

  • question_answer
    What do you understand by liberalisation of foreign trade?

    Answer:

    Liberalisation of foreign trade refers to removal of barriers or restrictions set by the government for attracting foreign investment. Since 1991, there has been a major shift in the thrust and direction of FDI policy, which can be described as an open-door policy on foreign investment and technology transfer.


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