Economics · Five-Year Plans of India
Which of the following was a primary reason for pruning the development targets of the Second Five-Year Plan of India?
- 1Failure of the bureaucracy to implement developmental schemes
- 2Acute shortage of foreign exchange resources✓
- 3Deflationary situation in the domestic economy
- 4Non-availability of foreign collaborators to set up heavy industries
Correct answer
Acute shortage of foreign exchange resources
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