The Indian government's policy of "Import Substitution Industrialization" (ISI) primarily aimed to:

CA Foundation · Business Economics · MTP · January 2025
The Indian government's policy of "Import Substitution Industrialization" (ISI) primarily aimed to:
(A) A. Increase imports to stimulate economic growth
(B) B. Reduce dependence on foreign goods by promoting domestic industries
(C) C. Encourage foreign investment in local industries
(D) D. Expand the agricultural sector for export

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Reduce dependence on foreign goods by promoting domestic industries

Topics: Public Finance

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