Explanation:
The Industrial Policy Resolution of 1948 outlined the role of the state in industrial development, classifying industries into public, private, and joint sectors.
Explanation:
The Congress Socialist Party was organized in 1934 by left-wing Congressmen who believed in radical structural changes but wanted to remain within the main nationalist front.
Explanation:
Dadabhai Naoroji proposed the 'Drain of Wealth' theory, which explained how British colonial policies were systematically transferring wealth from India to Britain, leading to poverty and economic decline.
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