In what ways has military rule in Pakistan impacted its polity and economy?
Import Substituting Industrialization (ISI) was an economic policy pursued by India after gaining independence in 1947. The main objective of ISI was to reduce the country's dependence on imports and promote domestic industrialization to achieve self-sufficiency in various sectors. ISI aimed to replace foreign goods with domestically produced goods to strengthen the Indian economy and reduce outflows of foreign exchange.
Under ISI, the Indian government implemented a series of measures to protect and promote domestic industries:
1. Tariffs and Import Restrictions: High tariffs were imposed on imported goods to make them more expensive compared to locally produced goods. Import restrictions and licensing were also enforced to control the entry of _____ _____ _______ ______ _______ ______ ________ ___ ____ ______ ______.
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