Correct Answer: (d) The nation's priorities have shifted away from industrial development to rural development
Solution:The New Economic Policy adopted in July, 1991 had given special role to the private sector due to the emphasis on market mechanisms. Now, through the planning process, the government provided an environment for development and gives it a direction. Thus, statement (a), (b) and (c) are true which explain the declining important position of industries sector after nineties in the planning process. However, industrial development as well as agricultural and rural development were/are still the national priorities. Hence, the correct answer is option (d).