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Economics › Economic GrowthXFive Year Plans

Economics › Economic GrowthXFive Year Plans

Consider the following statements regarding Indian Planning :
1. The Second Five-Year Plan emphasized on the establishment of heavy industries.
2. The Third Five-Year Plan introduced the concept of import substitution as a strategy for industrialization.
Which of the statements given above is/are correct ?

Options

(a)

1 only

(b)

2 only

(c)

Both 1 and 2

(d)

Neither 1 nor 2

Answer

(C)