Assertion: Five year plans of India placed a lot of emphasis on industrial development. 

Reasoning: Industry provides employment which is more stable than the employment in agriculture; it promotes modernisation and overall prosperity.

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.

Economists have found that poor nations can progress only if they have a good industrial sector. Industry provides employment which is more stable than the employment in agriculture; it promotes modernisation and overall prosperity. It is for this reason that the five year plans placed a lot of emphasis on industrial development.