After independence, India launched its First FYP in 1951, under _____________ influence of first Prime Minister Jawaharlal Nehru.

Correct option is A

The correct answer is (a) socialist.
· India's First Five-Year Plan (FYP) was launched in 1951 under the influence of socialist ideals, guided by Prime Minister Jawaharlal Nehru.
· The plan focused on agricultural development and aimed at creating a self-reliant economy with equitable distribution of resources, inspired by socialist principles of state planning and welfare.
Information Booster:
· Capitalist economies rely on market forces for resource allocation, unlike India's planned economy in its early years.
· Authoritarian capitalism refers to political control in a capitalist economy, which was not the approach adopted by India.
· Anarchism advocates for a stateless society, which contrasts with Nehru's vision of a strong state guiding economic development.