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Option 4 : Eighth
The correct answer is option 4 i.e Eighth
Eighth Five Year Plan (1992 - 1997) adopted Indicative Planning in India.
- A form of economic planning, Indicative planning is implemented by a state to solve the issue of imperfect information in the market and mixed economies.
- This is done to increase economic performance.
- Indicative Planning was first attempted in France.
- India’s Eighth Five Year Plan mentions that planning would have to be reoriented so as to make it indicative.
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