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UPSC 1999: The planning process in the industrial sector in India has assumed a relatively less important position in the nineties as compared to that in the earlier period. Which one of the following is true in this regard?
(a)With the advent of liberalisation, industrial investments/development have largely been placed within the domain of private and multinational sectors
(b)With markets assuming a central place, the role of central planning in many sectors has been rendered redundant
(c)The focus of planning has shifted to sectors like human resource development, infrastructure, population control and welfare
(d)The nation’s priorities have shifted away from industrial development to rural development
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Not attemptedCorrect Answer: (b) With markets assuming a central place, the role of central planning in many sectors has been rendered redundant
Post-1991 reforms reduced industrial licensing and opened most industries to market forces. As product and capital markets became the primary allocators of resources, centralised physical-target planning lost relevance, making statement (b) the true reason for the diminished role of industrial planning; the other options describe subsidiary shifts, not the core cause. ([licchavilyceum.com](https://licchavilyceum.com/upsc-civil-services-prelims-1999-solved-question-paper/))
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What is the correct answer to this UPSC 1999 Indian Economy question?▼
The correct answer is option (b): With markets assuming a central place, the role of central planning in many sectors has been rendered redundant. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Economic Planning & Five-Year Plans question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 1999, GS Paper 1, as Question 39. It falls under Indian Economy > Economic Planning & Five-Year Plans.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Economic Planning & Five-Year Plans?▼
UPSC has asked 19 questions from Economic Planning & Five-Year Plans (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.