This document discusses India's foreign trade policy and the development of its import policy. It notes that foreign trade policy is a set of rules governing international trade, established by the Indian government. The import policy underwent two stages - a pre-reform period with import restrictions and substitution, and a reform period beginning in the 1980s with liberalization. Key aspects of the pre-reform import policy included restrictions on consumer goods, limits on different categories of imports, and a policy of import substitution to achieve self-reliance. The reform period saw two annual import policies and three long-term policies introduced to liberalize imports of capital goods, raw materials, and technology.