Consider the following statements regarding Indian Planning: 1. The Second Five-Year Plan emphasised on the establishment of heavy industries. 2. The Third Five-Year Plan introduced the concept of import substitution as a strategy for industrialisation. Which of the statements given above is/are correct ?
Options
(a)1 only
(b)2 only
(c)Both 1and 2
(d)Neither 1 nor 2
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Class 11Indian Economy 1950–1990— NCERT Economics, Chapter 2. Independent India chose a mixed economy: a socialist outlook with a strong public sector, but with private property and democracy. The Planning Commission (1950…
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