Which of the following ideas did not form part of the early phase of India's Development Policy?
Answer & explanation
Correct answer: option 2
The correct answer is Option 2: Liberalisation
Option 1- Planning
Option 2- Liberalisation
Option 3- Co-operative farming
Option 4- Self-sufficiency
Liberalisation did not form part of the early phase of India's Development Policy.
After gaining independence in 1947, India's development policies focused on self-sufficiency, planning, and cooperative farming. The focus was on centralised economic planning through Five-Year Plans, aimed at achieving self-reliance and reducing dependence on foreign countries.
It wasn't until the 1990s that liberalisation, including economic reforms such as opening up to foreign investments, reducing trade barriers, and privatisation, was introduced.