Question : How did the rise of new economic interests influence India's economic policy during the era of planned development?
Option 1: It led to a shift towards a free-market economy.
Option 2: It resulted in increased emphasis on export-oriented growth.
Option 3: It promoted the liberalization of the economy.
Option 4: It reinforced the importance of public sector dominance.
Answer (1)
22nd Jan, 2024
Correct Answer: It promoted the liberalization of the economy.
Solution : The rise of new economic interests influenced India's economic policy during the era of planned development by promoting the liberalization of the economy, gradually opening up to private investment and market forces.
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