SSC
INDIAN ECONOMY
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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high non tariff barriers
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high tariff barriers
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Either A or B
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None of the above
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Detailed explanation-1: -India is still labeled as a Developing country. The speed of development in our country is less and low compared to other countries. Many people in our country know and have an idea that India is a developing country, but people do not focus on the things which need to manage appropriately to make our country grow.
Detailed explanation-2: -Exploiting natural resources of developing countries, seeking cheap labor globally, turning countries as markets to dump its products, setting dollar supremacy to hijack other countries, and starting coups, wars or color revolutions or imposing sanctions on countries that do not cooperate …
Detailed explanation-3: -Developing countries have also expressed concern about preference erosion, tariff escalation and the risks in being left out of the proliferating free trade areas and customs unions.