"Import restrictions were imposed in India with the dual objective to save foreign exchange reserves and to be self sufficient." Justify the statement.

The given statement,"that import restrictions in India with dual objective to save foreign exchange reserves and to be self sufficient" to  is appropriate as the policy aimed at:

i) Protecting the domestic industries from foreign competition by substituting imports with domestic production.

ii) Saving scarce foreign exchange by restricting the volume of imports.

Thus, in the early post-independence era the dual objectives helped India to move towards the goal of self-reliance.

Regards,