Economics · Economic Planning in India
The early phases of Indian development planning (1950s to 1970s) were heavily characterized by which strategy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Accumulation of massive foreign exchange reserves
- 2A fully managed floating exchange rate system
- 3Import substitution industrialization✓
- 4Export-led growth strategy
Correct answer
Import substitution industrialization
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