Read the following statements (A) and (R) and choose the correct option.

Assertion (A): Greater emphasis on heavy industry and government regulation of the economy guided the economic policies of the first few decades of Independent India.

Reasoning (R): Lifting a large proportion of people to above poverty line and building a modern technical and industrial base were objectives of new India.

1
Both (A) and (R) are true and (R) is the correct explanation for (A).
2
Both (A) and (R) are true but (R) is not the correct explanation for (A).
3
(A) is true but (R) is false.
4
Both (A) and (R) are false.

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