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India is a planned ‘socialist’ society with a strong public sector but also with private property and democracy. What were the goals of five year plans in the years after India’s Independence?
1. Growth
2. Modernisation
3. Self Reliance
4. Nationalisation
5. Equity
Code:
1, 3 and 5
2, 3 and 5
1, 2, 3 and 5
All of the above
- Growth: India aimed to increase its economic capacity and productivity in various sectors.
- Modernisation: There was a need to update technology and foster industrial development.
- Self Reliance: India wanted to reduce dependency on foreign aid by boosting domestic production.
- Nationalisation: Some strategic industries were brought under state control to serve national interests.
- Equity: Emphasis was placed on reducing poverty and ensuring equitable distribution of wealth.
These goals were part of India's Five-Year Plans to guide the nation’s development post-independence.
- Option 1: Covers growth, self-reliance, and equity but omits modernisation.
- Option 2: Covers modernisation, self-reliance, and equity but omits growth.
- Option 3: Covers growth, modernisation, self-reliance, and equity. This is the correct option.
- Option 4: Includes all, but nationalisation was more of a means than a central goal.
.
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