In each of the following questions a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer choices given, to make the passage complete and coherent.
In the planned economy of India, foreign capital has been assigned a significant role, although it has been changing over the time. In the earlier phase of planning………. Many concessions and incentives were given to foreign investors. Later on, however, the emphasis shifted to encouraging technological collaboration between Indian Entrepreneurs and foreign entrepreneurs. In more recent times, efforts are on invite free flow of foreign capital. It would be instructive in this background to examine the Government‘s policy towards foreign capital.