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QWhich economic model did Nehru advocate for India's economy?

ID: #7442 Modern Indian History 157 views
Question Info
#7442Q ID
EasyDifficulty
Modern Indian HistoryTopic

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  • A Capitalist
  • B Socialist
  • C Communist
  • D None of the above
Correct Answer: Option B

Explanation

Answer: The correct answer is B) Socialist. Jawaharlal Nehru advocated a socialist model for the economy of India. Five-Year Plans were shaped by the Soviet model based on centralised and integrated national economic programs, no taxation for Indian farmers, minimum wage and benefits for blue-collar workers, and the nationalisation of heavy industries such as steel, aviation, shipping, electricity, and mining. Village common lands were seized, and an extensive public works and industrialisation campaign resulted in the construction of major dams, irrigation canals, roads, thermal and hydroelectric power stations, and many more.

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