Why India failed to develop a strong export sector?
Download our app for free and get started
India failed to develop a strong export sector until the mid 1980s because of its 'inward looking trade strategy i.e. focus on import substitution. Protection from foreign competition was the major reason why India failed to develop a strong export sector. This was for the sake of achieving self-reliance.
Download our appand get started for free
Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*
Similar Questions
- 1View SolutionWhat were the main shortcomings of IPR 1956?
- 2View SolutionWhy is P.C. Mahalanobis known as the architect of Indian planning?
- 3View SolutionWhat is import substitution policy? Why it was introduced in India?
- 4View SolutionHow did government ensure that the small farmers also benefit from the Green Revolution as the rich farmers?
- 5View SolutionWhile India had immensely benefitted from the Green Revolution, the technology involved was not free from risks. Can you mention one such risk on the basis of value or importance given to farmers?
- 6View SolutionUSA, in 1965 pressurised India to stop its war with Pakistan with a threat to stop the supply of foodgrains to India. This action highlights the importance of a specific objective which was pursued as a common goal of Five Year Plans. Identify and explain this objective.
- 7View SolutionHow do small scale industries promote rural development?OR
Give the three characteristics of small scale industry. - 8View SolutionDifferentiate between private sector and public sector. Give an example of each sector.
- 9View SolutionGive three characteristics of SSIs.
- 10View SolutionHow did Green Revolution enable the government to procure sufficient foodgrains and build its buffer stocks?