The principal component(s) of the Nehru-Mahalanobis strategy of economic development was/were 1) Restructuring economic dependency on metropolitan capitalism into independent economic development. 2) Transition from semi-feudal agriculture to capitalist f

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Q: (NDA-II/2019)
The principal component(s) of the Nehru-Mahalanobis strategy of economic development was/were 1) Restructuring economic dependency on metropolitan capitalism into independent economic development. 2) Transition from semi-feudal agriculture to capitalist farming.
Select the correct answer using the code given below:

question_subject: 

Economics

question_exam: 

NDA-II

stats: 

0,12,17,9,4,12,4

keywords: 

{'mahalanobis strategy': [0, 0, 0, 2], 'economic development': [0, 0, 1, 1], 'nehru': [3, 1, 1, 3], 'economic dependency': [0, 0, 0, 1], 'independent economic development': [0, 0, 0, 1], 'metropolitan capitalism': [0, 0, 0, 1]}

The Nehru-Mahalanobis strategy of economic development had two key components.

Option 1: Restructuring economic dependency on metropolitan capitalism into independent economic development.

This means that the strategy aimed to reduce the reliance on external economic powers and foster self-sufficiency in India`s economy. This involved promoting domestic industries, reducing imports, and emphasizing on domestic production and consumption.

Option 2: Transition from semi-feudal agriculture to capitalist farming.

This refers to the transformation of agriculture in India from traditional, subsistence-based farming to a more modern, capitalist approach. This involved introducing technology, mechanization, and commercialization in agriculture to increase productivity and income for farmers.

The correct answer is option 3: Both 1 and 2.

Both restructuring economic dependency and transitioning agriculture were vital components of the Nehru-Mahalanobis strategy. These measures were implemented to promote economic development, industrialization, and reduce poverty in India.