For years, India placed significant limits on inward FDI in order to encourage the growth of an indigenous industry. Why do you think it relaxed many of those regulations at the end of the 1990s and early 2000s? What were the benefits to the India economy? Was there a downside?
For years, India placed significant limits on inward FDI in order to encourage the growth of an indigenous industry. Why do you think it relaxed many of those regulations at the end of the 1990s and early 2000s? What were the benefits to the India economy? Was there a downside?
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter33: International Trade
Section: Chapter Questions
Problem 8QP
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For years, India placed significant limits on inward FDI in order to encourage the growth of an indigenous industry. Why do you think it relaxed many of those regulations at the end of the 1990s and early 2000s? What were the benefits to the India economy? Was there a downside?
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