A major shift in the 8th Five-Year Plan from its preceding ones is

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Q: 61 (IAS/1994)
A major shift in the 8th Five-Year Plan from its preceding ones is

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,83,151,83,68,40,43

keywords: 

{'pubic investment': [0, 1, 0, 0], 'pubic sector outlays': [0, 1, 0, 0], 'major investment': [0, 1, 0, 0], 'structural sectors': [0, 1, 0, 0], 'sectors': [0, 0, 1, 1], 'industrial sickness': [0, 1, 0, 0], 'agriculture': [5, 1, 0, 6], 'major shift': [0, 1, 0, 0], 'year plan': [0, 0, 1, 8], 'exports': [0, 0, 2, 1], 'chronic problem': [0, 1, 0, 0], 'significant reduction': [0, 1, 0, 1], 'infra': [0, 1, 0, 0]}

The 8th Five-Year Plan of India, in contrast to its preceding ones, was notable for significantly reducing public sector outlays. This shift, highlighted in Option 1, represented a change in government policy to control fiscal deficit and better manage public finance. Option 2 suggests a concentration of public investment in infra-structural sectors. While it`s true that infrastructure development is often a component of five-year plans, it wasn`t the key distinguishing feature of the 8th Plan. Option 3 involves major investments in agriculture to promote exports, which, while an important aspect, doesn`t specifically characterize the 8th Five-Year Plan. Lastly, Option 4 suggests major investments in sectors where industrial sickness has been a chronic problem, which is better aligned with industrial policy than with the 8th Plan`s crucial characteristics. Therefore, the correct answer is Option 1: the significant reduction in public sector outlays.

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