In the context of India’s development planning model post-independence, which of the following statements accurately reflects the strategy adopted by the Indian government during the initial five-year plans?
1
The primary focus was on rapid industrialization with minimal emphasis on agriculture and the rural economy.
2
Development plans heavily prioritized foreign investments and technologies to boost the industrial sector.
3
The initial plans adopted a mixed economy model, emphasizing both public and private sector growth, with a significant focus on self-reliance in agriculture and heavy industries.
4
The strategy was to follow a laissez-faire economic policy, with the government playing a minimal role in economic planning and development.