Assertion: In addition to the objectives of growth, modernisation and self-reliance, equity is also important.

Reasoning: It is important to ensure that the benefits of economic prosperity reach the poor sections as well instead of being enjoyed only by the rich.

Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.

Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.

Assertion: In addition to the objectives of growth, modernisation and self-reliance, equity is also important. This is True. In the process of development, objectives like growth, modernisation, and self-reliance focus on increasing production, improving technology, and reducing dependence on other countries. However, these objectives alone do not guarantee that all sections of society will benefit. Therefore, equity, which means fairness in the distribution of income and opportunities, is also an important objective of development.

Reasoning: It is important to ensure that the benefits of economic prosperity reach the poor sections as well instead of being enjoyed only by the rich. This is True. Economic development should not benefit only the rich or a limited section of society. It is necessary to ensure that the benefits of economic prosperity reach the poor and weaker sections so that development is inclusive and socially just.

Why Reasoning (R) explains Assertion (A): The need for equity arises precisely because growth and modernisation by themselves can lead to unequal distribution of income and opportunities. Since development must improve the well-being of all sections of society, ensuring that the poor also share in economic gains becomes essential. Hence, equity is included as an important objective of development, which is exactly what the reasoning states.