Correct option is A
Sir Mokshagundam Visvesvaraya is credited with the authorship of Planned Economy for India, a seminal work published in 1934. In this book, Visvesvaraya proposed a detailed blueprint for the economic development of India through planned industrialization. His vision was to transform India's economy through centralized planning, long before the idea became popular with the establishment of the Planning Commission in 1950 and the introduction of Five-Year Plans.
Key points from Planned Economy for India:
Industrialization: Visvesvaraya emphasized the need for rapid industrialization to boost economic growth and provide employment opportunities.
Resource management: He advocated for a systematic approach to managing natural and financial resources to prevent wastage and promote efficiency.
Public investment: Visvesvaraya proposed increased public investment in infrastructure such as dams, factories, and transport systems to stimulate growth.
