Why was it necessary for a developing country like India to follow self reliance as a planning objective Economics CBSE class 11 ncert
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Why was it necessary for a developing country like India to follow self-reliance as a planning objective? - Economics CBSE class 11 ncert

Book: Indian Economic Development
Chapter 2: Indian Economy 1950-1990
 (NCERT textbook questions)



By:Aparna-Dasgupta

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Self-reliance is reducing or eliminating the dependency on other nations, i.e. preventing import of goods from other nations and encouraging producing those goods domestically. It is essential for a developing nation like India to follow self-reliance as a planning objective. This is because at the time of independence, India was completely dependent on foreign countries for food, technology and capital goods which affected India's sovereignty adversely. This led to foreign government interference in Indian internal policies. Hence, India adopted the following ways to became self-reliant:
Maintained self-sufficient food grains and increased the share of the industrial sector in gross domestic product.
The growth of domestic production led to a fall in foreign aid and dependency on import of goods.
Therefore, there was strong emphasis on self-reliance in the first seven five year plans.

milan-ransingh

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