Why did Nehru reject the Soviet model of socialism after independence?
Show answer & explanation
Correct answer: D
Explanation
Correct Answer:
Option 4: Because in this model, all the country's factories and farms were owned by the government.
Explanation:
After independence, India required a suitable model for economic development. The Soviet Union's socialist model was based entirely on state control, wherein both industry and agriculture were owned by the government. Jawaharlal Nehru was influenced by this model, but he refused to adopt it in its entirety because India was a democratic nation with a diverse society. He adopted a 'Mixed Economy,' in which space was accorded to both the public and private sectors. This ensured economic balance, competition, and growth.
Additional Facts:
Option 1: Decentralization was not a characteristic of the Soviet model.
Option 2: The role of the private sector was limited.
Option 3: It was not based solely on agriculture.
Option 4: Correct Answer.
Potential Questions for Upcoming Exams:
Question: What is a mixed economy?
Answer: A combination of the public and private sectors.
Question: When did economic reforms take place in India?
Answer: 1991.
Question: When was the Planning Commission established?
Answer: 1950.
Question: What is the main objective of socialism?
Answer: Equality.