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In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option:
Assertion (A) : The Indian government, after independence, had put barriers to foreign trade and foreign investment.
Reason (R) : The government considered it necessary to protect the producers within the country from foreign competition.
  • a)
    Both (A) and (R) are true and (R) is the correct explanation of (A).
  • b)
    Both (A) and (R) are true but (R) is not the correct explanation of (A).
  • c)
    (A) is correct but (R) is wrong.
  • d)
    (A) is wrong but (R) is correct.
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
In the question given below, there are two statements marked as Asser...
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.
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Most Upvoted Answer
In the question given below, there are two statements marked as Asser...
Assertion (A) : The Indian government, after independence, had put barriers to foreign trade and foreign investment.

Reason (R) : The government considered it necessary to protect the producers within the country from foreign competition.

The correct answer is option 'A', which states that both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). Let's analyze the given statements in detail:

Explanation:

Background:
After gaining independence in 1947, India was faced with the challenge of rebuilding its economy. The Indian government adopted a policy of planned development, focusing on industrialization and self-sufficiency. In order to achieve this, certain barriers were put in place to regulate foreign trade and foreign investment.

Assertion (A):
The Indian government, after independence, had put barriers to foreign trade and foreign investment.

Reason (R):
The government considered it necessary to protect the producers within the country from foreign competition.

Explanation of Assertion (A):
After independence, the Indian government implemented various measures to protect domestic industries and promote self-reliance. One of these measures was the imposition of barriers to foreign trade and foreign investment. These barriers included tariffs, import quotas, licensing requirements, and restrictions on foreign ownership of businesses. The purpose of these barriers was to limit competition from foreign companies and protect domestic producers from being overwhelmed by foreign goods. This allowed domestic industries to grow and develop without facing severe competition from more established foreign companies.

Explanation of Reason (R):
The reason behind the Indian government's decision to put barriers to foreign trade and foreign investment was to protect the producers within the country from foreign competition. By restricting imports and foreign investment, the government aimed to create a favorable environment for domestic industries to grow and develop. This protectionist approach was necessary to prevent the domestic industries from being outcompeted by foreign companies, especially in the early stages of industrialization when the domestic industries were relatively weak and underdeveloped.

Conclusion:
Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A). The Indian government's decision to put barriers to foreign trade and foreign investment was indeed driven by the need to protect the producers within the country from foreign competition.
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In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option:Assertion (A) : The Indian government, after independence, had put barriers to foreign trade and foreign investment.Reason (R) : The government considered it necessary to protect the producers within the country from foreign competition.a)Both (A) and (R) are true and (R) is the correct explanation of (A).b)Both (A) and (R) are true but (R) is not the correct explanation of (A).c)(A) is correct but (R) is wrong.d)(A) is wrong but (R) is correct.Correct answer is option 'A'. Can you explain this answer?
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