GENERAL KNOWLEDGE

Detailed explanation-1: -The government decided to remove barriers on foreign trade and investment and introduce a new series of economic reforms in India in the year 1991.

Detailed explanation-2: -After independence, the Indian government had put barriers to foreign trade and investment to protect the domestic producers from foreign competition. These barriers were removed around 1991 as the government felt that the Indian producers were ready to compete with the producers around the globe.

Detailed explanation-3: -"Barriers to foreign trade and foreign investments were removed to a large extent in India in 1991."

Detailed explanation-4: -Answer: The Indian government after independence had put barriers to foreign trade and investment. This was done to protect the producers within the country from foreign competition. To protect the Indian economy from foreign infiltration in industries affecting the economic growth of the country as planned.