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Question
Explain the rationale behind choosing 'Self-reliance' as a central planning objective in India's development strategy.
Explain
Solution
'Self-reliance' was adopted as a central planning objective in India's development strategy by the policymakers due to the following reasons:
- To reduce the dependence on foreign nations, the stress was laid on mobilising domestic resources.
- It was feared that the dependence on imported food supplies, foreign technology, and foreign capital may increase foreign interference in our policies.
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