1. Jagdish Bhagwati
  2. Prabhat Ranjan Sarkar
  3. R.C Dutt
  4. P.C Mahalanobis
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Option 2 : Prabhat Ranjan Sarkar

The Progressive Utilization Theory was propounded by Prabhat Ranjan Sarkar. It aims to integrate capitalist and traditional socialist thought into a blend of progressive economics and social development.
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