Question

Explain the direction for industrial development as pursued under the different phases of planned development in India.

Answer 1

Answer:

Indian development has shown some progress in its plan strategy,

i. The Early phase (aim of growth and increase in output)

ii. Development strategy in the 60's (aimed at development of the industrial sector because it became to be known as a predeterminant for development of agricultural and other sectors. )

iii. Development strategy in 70's and 80's

iv.and the  New development strategy.

Step-by-step explanation:

In the case for a planned development in an economy, the government is the entity that takes the various important decisions. Those decisions include what to produce, how to produce and for whom to produce.

In the case of industrial development in India, the economy functions on mixed economy rules. That means there are certain private individuals and some are governmental organizations that own the production decisions.

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