Growth, as envisaged in the five-year plans, refers to:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. increase in the country’s capacity to produce the output of goods and services within the country.
Growth, as envisioned in the five-year plans, pertains to enhancing a nation's capacity to produce goods and services. This involves investments in infrastructure, technology, and human capital to boost productivity and efficiency across various sectors. By fostering economic development, the plans aim to create a more self-reliant economy, reduce dependency on imports, and improve living standards. Such growth is critical for achieving sustainable development goals, increasing employment opportunities, and ensuring a higher quality of life for the population. Ultimately, it reflects a strategic approach to national economic advancement.