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📈 EconomyUPSC 1996Fundamentals of Economy

The Eighth Five Year Plan is different from the earliest ones. The critical difference lies in the fact that:

ait has a considerably larger outlay compared to the earlier plans
bit has a major thrust on agricultural and rural development
cconsiderable emphasis is placed on infrastructure growth
dindustrial licensing has been abolished
✓ Correct answer: c) considerable emphasis is placed on infrastructure growth
ExplanationThe Eighth Five-Year Plan (1992–1997) emphasized infrastructure growth alongside economic liberalization and privatization introduced in 1991. The plan aimed to develop sectors like power, transportation, and telecommunications to drive industrial and economic growth.30

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