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Which of the following can be a form of economic “Protectionism” by India?
Select the correct answer using the codes below.
2 only
2 and 3 only
1 and 3 only
1, 2 and 3
Statement 1: Protectionism can be any attempt to protect domestic industries from global competition. Restricting movements of people (labour), goods, services will all be considered under economic protectionism.
Statement 2: Preference to domestic industries creates barriers for other MNCs that desire investing in India.
Statement 3: This renders Indian goods to be more competitive than goods imported from abroad.
By: Pradeep Kumar ProfileResourcesReport error
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