Economics · Economic Planning in India
In the late 1960s, India implemented three Annual Plans (1966-1969) known as the 'Plan Holiday'. Evaluate the following assertions regarding this period: Assertion A: The Plan Holiday was a period of total cessation of planning activity where the market was allowed to operate without government intervention. Assertion B: This period saw the launch of the Green Revolution involving High Yielding Variety (HYV) seeds and fertilizers. Assertion C: The devaluation of the rupee in 1966 was intended to boost exports. Assertion D: The failure of the Third Plan led to a permanent shift towards a services-led growth model. Which of these assertions are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All of the assertions are correct
- 2Assertion B, C, and D
- 3Assertion A, B, and C
- 4Assertion B and C only✓
Correct answer
Assertion B and C only
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