The planning process in the industrial sector in India has assumed a relatively less important position in the nineties as compared to that in the earlier period. Which one of the following is true in this regard?
- (a)With the advent of liberalisation, industrial investments/development have largely been placed within the domain of private and multinational sectors
- (b)With markets assuming a central place, the role of central planning in many sectors has been rendered redundant
- (c)The focus of planning has shifted to sectors like human resource development, infrastructure, population control and welfare
- (d)The nation’s priorities have shifted away from industrial development to rural development
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Official answer(b) With markets assuming a central place, the role of central planning in many sectors has been rendered redundant