Answer:
Due
to following reasons, the Government of India remove trade barriers
(i) India was facing a serious/economic
crisis in 1990-91 because of slow economic growth, inefficient public
enterprises, high inflation and rising fiscal defecit.
(ii) The Government of India decided that the time had come for Indian
producers to compete with producers around the globe.
(iii) The decision to remove trade barriers was supported
by powerful international organisations like IMF, WTO, etc.
(iv) Removing barriers or restrictions set by the
government is known as liberalisation.
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