Indian Economy 1950-1990
From NCERT Indian Economic Development, this topic reviews the Indian economy from 1950 to 1990. You study the goals of five-year planning, growth with equity, modernisation, self-reliance, and full employment, and see how agriculture, industry, and trade policy served them. The lesson covers land reforms, the Green Revolution, the Industrial Policy Resolution of 1956, small-scale industry reservation, and import substitution. It ends by weighing the achievements of building industry and science against the limits of protection, licensing, and slow poverty reduction.
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