Economics · Economic Planning in India
Analyze the following statements regarding the history and structural evolution of economic planning in India: Statement I: The National Development Council (NDC) was established in 1952 as an advisory body to ensure state participation in planning. Statement II: The Bombay Plan of 1944 proposed a significant increase in the role of the state in the economy. Statement III: The First Five-Year Plan (1951–1956) was based on the Harrod-Domar model. Statement IV: The Purshottamdas Thakurdas Committee drafted the People's Plan in 1945. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All of the above
- 2Statement I, III, and IV only
- 3Statement II, III, and IV only
- 4Statement I, II, and III only✓
Correct answer
Statement I, II, and III only
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