Economics · Five Year Plans
The objective of the 'Gadgil Formula,' introduced during the Fourth Five Year Plan, was to allocate plan assistance to states based on which of the following criteria?
- 1Industrial output and trade balance
- 2Agricultural production and export potential
- 3Geographical area and literacy rate
- 4Population, per capita income, tax effort, and special problems✓
Correct answer
Population, per capita income, tax effort, and special problems
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