Economics, Econometrics and Finance
8 years ago

Trade Liberalization Transforms Indian Industry, Boosts Competition and Consumer Choice

Artha Vijnana Journal of The Gokhale Institute of Politics and Economics
Impact of Trade Liberalization on the Level of Protection of Indian Industry
Rajani R. Gupte

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Trade liberalization in India has led to a reduction in restrictions on foreign trade, like tariffs and quotas. The goal is to promote freer trade and more competition. The impact of this policy on Indian industry protection was studied. The findings suggest that trade reform aims to enhance economic growth by allowing more open trade practices.