The development strategies that the Indian government adopted after
independence
Answers
Answered by
0
Answer:
The government in the 1950s adopted a very particular strategy of economic development: rapid industrialization by implementing centrally prepared five-year plans that involved raising a massive amount of resources and investing them in the creation of large industrial state-owned enterprises (SOEs).
Answered by
1
Explanation:
Economic Development Strategy after Independence:
Private sector was allotted to establish industries subject to control and regulations in the form of law. (iii) Public sector was given importance in order to eliminate poverty, unemployment etc. (iv) Public sector contributed to the industrialisation of the economy.
Similar questions