Which of the following term explains this statement ?

"When a country decides to not allow other countries to export in their country, so that their producers could learn to make things"

Protectionism

The correct answer is option (1) - Protectionism

Protectionism - "When a country decides to not allow other countries to export in their country, so that their producers could learn to make things"

After independence, because of this experience with the British, we decided to make things ourselves rather than relying on others. We also decided not to allow others to export to us so that our own producers could learn to make things. This ‘protectionism’ generated its own problems. While some advances were made in certain arenas, critical sectors such as health, housing and primary education did not receive the attention they deserved. India had a fairly sluggish rate of economic growth. In 1991, responding to a financial crisis and to the desire for higher rates of economic growth, India embarked on a programme of economic reforms that has sought increasingly to de-regulate various sectors including trade and foreign investment.