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Indian Economy (1950-1990)
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This is the second chapter in the course. It focuses on the goals of India's 5 year plans. It also looks into the development policies in different sectors like agriculture, foreign trade, industry etc. This chapter critically analyses the regulated economy of India. The time period is between 1950 -1990

Apurva Jha
B.Sc (EMS), MA(Applied Economics), Public speaker, nail art designer. Reading books, listening music, singing and watching movies.

U
Unacademy user
critiano Ronaldo
Sourav Sharma
a year ago
right according to me
Mam why the land ceiling was successful only in Kerala and Bengal?
Mir manzoor
2 years ago
bcoz govt in these states remain committed to the policy ....
Boya Venkatesu
2 years ago
due to communist party rule in the both states they were very well committed to implement the land reforms
mam how fertiliser industries are benefited from subsidy
Apurva Jha
3 years ago
Their cost of production reduces
Balaji B
3 years ago
thank you mam
Rohit Kattamuri
3 years ago
i dont think cost of production decreases...because of subsidy farmers are encouraged to buy fertilizers and pesticides that are required for HYV seeds....hence the sale of fertilizers will increase..profit of those industries goes up..however subsidy is used to compensate the loss that incurred by the producers as they sell at lower prices to the farmers(they sell at that price only because they were guaranteed by the govt that govt will compensate)...
Sangu hebbal
2 years ago
Actually due to subsidy it made easy to farmers to buy more fertilers and this increased the production of fertilers and benefitted fertilers industries
Sangu hebbal
2 years ago
Actually due to subsidy it made easy to farmers to buy more fertilers and this increased the production of fertilers and benefitted fertilers industries
Thanks alot mam for such an awesome course .Please prepare the same for XII NCERT Economics also. Its Really helpful and time saving .. Great work.
Thanks mam i have read all the chapter and now i am watching your videos its become so easy in understanding now . i am really very much thankful to you all as a i am working in bank and i dont get so much time but these videos of unacademy helping so much in my preparation.
Apurva Jha
3 years ago
Thank you :)
MAAM, you left that Mohapolis section from this chapter.
  1. ABOUT ME NAME- APURVA JHA GRADUATED IN ECONOMICS, MATHS AND STATISTICS MASTERS IN APPLIED ECONOMICS FROM CHRIST UNIVERSITY BANGALORE HOBBIES- WATCHING MOVIES, READING BO0KS, COOKING RATE, REVIEW AND RECOMMEND


  2. CHAPTER 2 INDIAN ECONOMY 1950-1990


  3. OBJECTIVES Goals of India's 5 year plans . Development policies in different sectors (1950-1990) Critically analyse the regulated economy


  4. INTRODUCTION *Types of economic system . Capitalist Goods are distributed on the basis of purchasing power (ability to buy) - Did not appeal Jawaharlal Nehru Socialist Based on the needs of society Mixed Economies- Combination= Socialism Capitalism (with a strong public sector (private sector encouraged to be a part of plan effort)


  5. GOALS OF INDIA'S FIVE YEAR PLANS Goals of 5 year plan- Growth, modemisation, self reliance and equity Goals of 5 year plan- Growth, modernisation, self reliance and equity .GROWTH Country's capacity Goods and services Within the Country PRODUCE - Necessary to produce more for a rich and varied life


  6. GDP year Market value of all the goods and services produced in the country during a Structural Composition 0 Structural Change India By 1990, share of service sector was 40.59%. More than that of agriculture or industry Feature of a developed nation


  7. MODERNISATION *Adopt modern technologies Social impact (equal rights for men and women) SELF RELIANCE Avoiding imports of those goods which can be produced in India Reduce dependence Reduce foreign interferences


  8. e EQUITY -Benefits of economic society should reach poorer section . Basic needs Food, a decent house, education and health care. Inequality in the distribution of wealth should be reduced


  9. AGRICULTURE LAND REFORMS - Abolish intermediaries (Zamindars,jagirdars) -Policy of the Land to the Tillers- Give ownership rights to the tillers Incentive to make improvement and increase output Drawbacks Former zamindars continued to own large areas of land. Landowners claimed to be self cultivators Poorest of the farmers were not benefitted.


  10. AGRICULTURE LAND CEILINGS Fix the maximum size of the land held by an individual Purpose Reduce the concentration of land ownership Drawbacks- * Challenged the legislation in the court Delaying of the implementation Register their lands in the name of relatives Successful in Kerala and West Bengal