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
CHAPTER 2 INDIAN ECONOMY 1950-1990
OBJECTIVES Goals of India's 5 year plans . Development policies in different sectors (1950-1990) Critically analyse the regulated economy
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)
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
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
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
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
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.
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
B.Sc (EMS), MA(Applied Economics), Public speaker, nail art designer. Reading books, listening music, singing and watching movies.