The government of India annouced sweeping changes in the trade policy

Question

The government of India annouced sweeping changes in the trade policy in the year 1991.

30 Oct 2021

Answer :

Word Count : 209

Liberalisation Arrives: The government declared far-reaching changes in the trade policy in 1991. A new ExportImport Policy was introduced from April, 1992.

This was a major step towards economic reforms of India. To have stability and continuity, the policy was meant for the duration of next five years.

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