which two models of modern development were there before India on the eve of Independence which model did India decide to choose and why
Answers
Answered by
0
Answer:
Explanation: Two models of development before India was on the eve of Independence
- Liberal Capitalist model in the US and Europe and socialist model in USSR.
- India had two wings one very impressed with the USSR socialist model - Nehru and the communist party of India as they saw poverty alleviation and social-economic redistribution as the prime concern and primary responsibility of the Government.
- India adopted the Mixed model a planned economy with State intervention in the Public sector which had the large industries
Similar questions