Inward orientation policies, such as those in India between 1947 and 1993 have tended to:
A)maximise consumer benefit
B)create a highly efficient use of production resources
C)limit growth opportunities
D)enable large amounts of tariff-free trade

Question

Quizplus · Accepted Answer

Inward orientation policies tend to limit growth opportunities as they focus on internal production and consumption rather than expanding trade and exports. This was observed in India between 1947 and 1993, where policies such as import substitution and restrictions on foreign investment limited the growth potential of Indian businesses and industries.

Inward Orientation Policies, Such as Those in India Between 1947