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Which of these sectors was chosen as the 'prime moving force' (PMF) of the Indian economy post- independence in the initial days of planning and development?
Agriculture
Industry
Services sector
Foreign Investment
Industry, infrastructure, science and technology and higher education, to name a few, received greater emphasis in the early years after independence. This is because all these areas of development required heavy capital investment as they had been severely avoided by the colonial rulers for over 150 years or so. Increasing the growth of the economy and that too with a faster pace was the urgent need of the economy. Looking at the pros and cons of the available options, India decided the industrial sector to be the 'prime moving force' (PMF) of the economy—the logical choice for a faster growth (a fully established idea at that time, all over the world).
By: Pradeep Kumar ProfileResourcesReport error
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