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Discuss briefly the rational behind chosing …

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Discuss briefly the rational behind chosing self Reliance and modernisation as a planning objective for Indian economy
  • 1 answers

Preeti Dabral 1 year, 11 months ago

The rationale behind choosing Self-reliance as a planning objective for the Indian economy are as follows:-

  1. To reduce foreign dependence: Planning objective of Self-reliance targeted to promote economic growth and modernization, the Indian five-year plans in the early years of the post-independence era stressed the use of domestic resources in order to reduce our dependence on foreign countries.
  2. To avoid foreign interference: In the post-independence era, it was feared that the dependence on imported food supplies, foreign technology, and foreign capital may increase foreign interference in the policies of our country.
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