Why was it necessary for a developing country like India to follow self-reliance as a planning
objective?
Answers
Answered by
19
hey!
_______
•°☆Answer:-°•☆
- On the eve of independence, India was poor stagnant and backward. There were heavy imports of foodgrains. It was important to be self-reliance.
•°☆Features of Self reliance are:☆
- 1) Self-sufficiency in foodgrains.
- 2)Fall in foreign aid and reduced
- dependence on imports which is possible when there is growth in domestic production.
- 3) Rise in exports.
- 4)Rise in contribution of industries in grass domestic product.
•°☆hope help u!!°•☆
Answered by
29
- Self-reliance as an objective of economic planning is necessary for a developing country also in order to reduce their dependence on foreign countries especially for food.
- Also promoting self-reliance increase employment generation in an economy.
- It is understandable that people who were recently freed from foreign domination should give importance to self-reliance.
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