Why it is necessary for developing …
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Yogita Ingle 5 years, 4 months ago
Self-reliance as an objective of economic planning is necessary for a developing country because a nation can promote economic growth and modernization by using its own resources or by using resources imported from other nations.The first Seven Five Year Plans gave importance to self-reliance which eans avoiding imports of those goods which could be produced in India itself.This policy was considered a necessity in order to reduce our dependance on foreign countries especially for food. It is understandable that people who were recently freed from foreign domination should give importance to self-reliance,
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