Multiple choice

The Indian economic planning, in its initial phase, did not witness

  1. autarchic trade policy

  2. extension of public sector

  3. symbiotic growth of private sector

  4. red tapism
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

India's initial planning phase (1950-1980) was characterized by autarchic trade policy through import substitution, massive extension of the public sector, and extensive red tapism due to bureaucratic controls. However, it did NOT witness symbiotic growth of the private sector, which was severely stifled through the licensing regime and restrictions rather than being nurtured.

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