With reference to the trade policy adopted by India after Independence which of the following statement is correct?

1
The policy was called outward-looking policy substituting or replacing imports with domestic production.
2
The policy was based on which country seeks economic development by opening itself up to international trade.
3
The policy was based on substituting or replacing imports with domestic production which is often called an inward-looking strategy.
4
More than one of the above
5
None of the above

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