India's path of development is based on
UGC NET - 2013,
Answer: B
India chose a mixed economy, with both private and State enterprise, after independence. The Industrial Policy Resolutions and the Five Year Plans reserved basic and heavy industries for the State while leaving a large space for private enterprise. A purely private path or a purely State path would describe a capitalist or a command economy, and the Gandhian model of village-centred small-scale industry was admired but not adopted as the national strategy. So the correct choice is private and State enterprise together.
Please log in or register to report this question.