Question

What did government adopt oftes independence to register economic development ? ​

Answer 1

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)

After independence, the successive democratic governments which came to power in the country followed economic policies with an objective to achieve rapid economic development. A prime concern was to develop the country from economic backwardness and solve the problem of massive poverty.