The planning process in the industrial sector in India has a

Economics

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The planning process in the industrial sector in India has assumed a relatively less important position in the nineties as compared to that in the earlier period.

Which one of the following is not true in this regard?

I.A.S. (Pre) 1999

[Fiscal Policy, Inflation Planning and Banking]

With the advent of liberalization, industrial investments/ development have largely been placed within the domain of private and multinational sectors

With market assuming a central place, the role of central planning in many sectors has been rendered redundant

The focus of planning has shifted to sectors like human resource development, infrastructure, population control and welfare

The nation's priorities have shifted away from industrial development to rural development

EXPLANATION

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