Indian Economy on the Eve of Independence : Features and Characteristics of Indian Economy since Independence
After 200 years of British rule, India got Independence on 15August, 1947. Before Independence 95% of the economy was based on agriculture
After 200 years of British rule, India got Independence on 15August, 1947. Before Independence 95% of the economy was based on agriculture
Agriculture is the art and science of cultivating the soil, growing crops and raising livestock. It includes the preparation of plant and animal products for people to use and their distribution to markets
The new agricultural strategy was adopted in India during the Third Plan, i.e., during 1960s.
The green revolution package has led to serious environment disruption,Excessive concentration of fertilizers and pesticides contaminate the stream and water table with serious hazards for the population
Land reform is a form of agrarian reform involving the changing of laws, regulations, or customs regarding land ownership. Land reform may consist of government initiated or government-backed property redistribution, generally of agricultural land
Industries are part of the secondary activity. In which manufacture converts raw material into final products. Industries refer to economic activities concerned with the production of goods, extraction of services etc
It declared the Indian economy as Mixed Economy Small scale and cottage industries were given the importance
They provide an impetus to the industrialization of the country. Large scale industries, usually, produce capital and basic goods
Iron and steel is a mineral-based industry. Mineral-based industries are primary industries that use mineral ores as their raw materials.
The objective of Indian taxation system, according to planning commission is to Mobilize resources for economic development