Inward Looking Strategy
India's first seven plans followed which trade strategy?
- Outward looking
- Inward looking — Correct Answer
- Free trade
- Export-led growth
Explanation:
Correct Answer Explanation
India followed an inward looking trade strategy (import substitution).
Key Points:
- Aimed at replacing imports with domestic production.
- Protected domestic industries through tariffs and quotas.
- No serious thought to promote exports until mid-1980s.
📚 About this Topic — CH-2: INDIAN ECONOMY 1950–1990
This multiple choice question is from CH-2: INDIAN ECONOMY 1950–1990, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-2: INDIAN ECONOMY 1950–1990 to strengthen your preparation.
