Question
Which Five Year Plan in India is often referred to as
the Rao-Manmohan Singh Model of economic liberalization?ÂSolution
The Eighth Five Year Plan (1992-1997) is often hailed as the Rao-Manmohan Singh Model of economic development. This plan marked a significant shift in India's economic strategy, focusing on liberalization, privatization, and globalization, which led to substantial economic reforms and growth during this period.
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