India's trade policy in the first seven plans is described as

an outward-looking trade strategyCorrect answerYour answerfree tradeCorrect answerYour answeran inward-looking trade strategyCorrect answerYour answerexport-led growthCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

Trade policy looked inward: it aimed to replace imports with goods made in India.

Concept: Inward-looking strategy
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsImport substitution, tariffs and quotas

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Ten questions from Industry & Trade, 1950–90, at your own pace.

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Ten questions from Industry & Trade, 1950–90, at your own pace.

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India's trade policy in the first seven plans is described as

Explanation