The prominence to public sector has been declined after which five-year-plan?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Ninth.
The prominence of the public sector declined after the Ninth Five-Year Plan (1997-2002) as India continued economic liberalization. The plan emphasized public-private partnerships, reducing the government's role in industries, and promoting private sector growth. It focused on faster economic development, poverty reduction, and infrastructure improvement through private investment. The public sector’s dominance weakened as privatization and globalization expanded, encouraging efficiency and competition. This shift aimed to boost productivity, attract foreign investment, and create employment opportunities in various sectors.