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PSIR Optional PYQ Solutions · Model answer
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The Nehruvian model had four main parts: P. C. Mahalanobis's heavy-industry plan, public ownership of the commanding heights (Industrial Policy Resolution, 1956), import substitution, and a licensing system that controlled private capital. Its goal was the "socialistic pattern of society" adopted at Avadi in 1955. Yes, 1991 marks a significant shift, decisive in the instruments…
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