Thread:Mindscript/@comment-37616906-20200113024227/@comment-26998269-20200213045526

Awesome Christian 1010 wrote: Mindscript wrote: Awesome Christian 1010 wrote: https://en.wikipedia.org/wiki/Economic_liberalisation_in_India#Pre-1991_liberalisation_attempt

BTW, do you think that foreign computer policies into the Indian market during the closed economy would be a good idea or a bad idea?

It would be a bad idea with such economy closed. The economy itself must be opened to the foreign countries because every country like India deserves to have its trade.

Also, I made-up my gaming company called "Gamehand Productions". You csn check it out if you would like. But here is the good part thanks to Aryan Malhotra, Quora user.: Indian market isnt a closed economy, though it was till 1991. But after the LPG poilcy of 1991–92 it became an open economy. And the openness of Indian economy can be seen in its 100% FDI policies. Closed economy is one in which the international trade is totally banned but in the context on India its totally wrong. we import 61 billion dollars of godds and services only from China. so labeling it as a closed economy would be wrong. One can say that its only one-way open, let me tell you what it means. It means our trade deficit, our imports are much higher than what we are exporting. so we are doing only one way trade.

So closed economy doesn't mean trade is totally banned but it means "one-way trade", right?