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Which of the following statements is/are true
1. Agriculture was chosen as the prime moving force of the economy at independence
2. Agriculture has been relegated in favour of industry after liberalisation
Select the correct answer
1 only
2 only
Both 1&2
Neither 1 nor 2
Looking at the resources available, agriculture would have been the obvious choice as the prime moving force (PMF) of the economy (i.e., cultivable land and the human power). But as Indian agriculture was using traditional tools and technology its modernisation as well as future mechanisation (later to some extent) would have been blocked due to the lack of indigenous industrial support. Thus the political leadership selected industry as the leading force of the economy after independence. Hence statement 1 is incorrect.
A major shift took place in the Indian economic thinking when the government announced in 2002 that from now onwards, in place of industry, agriculture will be the prime moving force of the economy. This was a policy shift of historic importance which was announced by the highest economic think tank of the country—the Planning commission—as the economy commenced the Tenth Plan (2002–07). Hence statement 2 is incorrect.
By: Priyank Kishore ProfileResourcesReport error
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