Choose the given statement is True/False

Government development strategy before 1991, had only positive aspects.

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True

False

answer is B.

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Detailed Solution

The above statement is false.
Before 1991, India's development strategy policy had certain drawbacks. Before 1991, industrialisation did not affect economic development as the administration had anticipated. From 8% to 4% less industry was growing. The public sector, which controlled a sizable portion of the economy, fell short of its objectives. Public sector businesses began to exhibit corruption, subpar management, and inefficiency. Only those with money continued to control most of the private sector's economy.
Thus the correct statement would be Government development strategy before 1991 had both negative & positive aspects.

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