Answer :

Self-reliance means avoiding the import of such goods which could be produced domestically. The benefits of self reliance are -

Self-sufficiency in food grains


Decreased imports and increased exports


Increased Gross Domestic Product


Economic growth and modernization


Therefore, for a developing country like India self-reliance as a planning objective is very important so as to improve the economic condition of the country and to make it independent.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

Explain how imporNCERT - Indian Economic Development

What is sectoral NCERT - Indian Economic Development

Why was it necessNCERT - Indian Economic Development

Why was public seNCERT - Indian Economic Development

What is Green RevNCERT - Indian Economic Development

Why, despite the NCERT - Indian Economic Development

Why and how was pNCERT - Indian Economic Development

While subsidies eNCERT - Indian Economic Development

Explain ‘growth wNCERT - Indian Economic Development

Does modernisatioNCERT - Indian Economic Development