Which of the following steps was avoided by the Indian nationalists to ensure rapid industrialisation of the economy as the path towards both growth and social equity?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Promotion of foreign goods
Indian nationalists, especially in the period leading up to and after independence, emphasized self-reliance and economic independence. To ensure rapid industrialisation with growth and social equity, they focused on:
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Building heavy and machine-making industries to support infrastructure and self-sufficiency.
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Expanding the public sector to drive core industries and prevent monopolistic control. A large public sector was envisioned to lead industrialization, particularly in core and heavy industries, and to ensure social equity by controlling key resources and services.
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Encouraging a large cooperative sector to involve people directly in production and distribution.
However, promotion of foreign goods was avoided as it was seen as counterproductive to the goal of self-reliance and economic nationalism.