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History Ancient India
Question 364 / 430
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HIS-279
Which prominent economic strategy was proposed by the 'Harrod-Domar Model', which heavily influenced India's First Five Year Plan (1951-1956)?
A. Massive state investment in heavy industries and capital goods.
B. Achieving economic growth by increasing national savings and investing them into capital accumulation (mostly agriculture and infrastructure).
C. Complete privatization of the banking and manufacturing sectors.
D. Export-led growth driven by extreme currency devaluation.
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