Exams › SSC CGL (Prelims) › General

The objective of import substitution industrialization was to:

1. Encourage free trade
2. Reduce dependency on imports
3. Promote foreign dominance
4. Increase luxury imports

Correct answer: Reduce dependency on imports

Solution

Import substitution industrialization is a development strategy designed to replace imported goods with domestically produced ones. Its main objective is to reduce dependency on imports.

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