wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Why was it necessary for a developing country like India to follow self-reliance as a planning objective?

Open in App
Solution

Self-reliance as an objective of economic planning is necessary for a developing country in order to reduce its dependence on foreign countries, especially for food. Promoting self-reliance increases employment generation in an economy.

Further, since India was subject to foreign dominion for such a long period, the goal of self-reliance is essential.


flag
Suggest Corrections
thumbs-up
22
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Goals of Planning
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon