Economics · Composition of India's Foreign Trade
What primary structural shift characterized India's import profile in the initial decades following the initiation of planned development in 1951?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A shift towards importing exclusively primary commodities and minerals
- 2Complete cessation of the import of food grains and agricultural inputs
- 3A sharp rise in the import of finished consumer items and luxury luxury goods
- 4Rapid growth in the import of capital goods and raw materials due to industrialization✓
Correct answer
Rapid growth in the import of capital goods and raw materials due to industrialization
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