Edexcel GCSE Geography B · 1GB0
Paper 1
Revise: Government Policy and Development InvestmentSince 1991, India has pursued economic liberalisation, reducing government control over what industries produce. The government also reduced import tariffs—taxes on imported goods—to encourage imports. This makes international trade easier and can help businesses obtain equipment and materials from abroad.
- Revise: International role
A government policy that reduces restrictions on business and trade, allowing a greater role for private companies and market competition.