CHAPTER 8
Development Experience (1947–90) and Economic Reforms since 1991
“I do not look to history to absolve my country of the need to do things right today. I seek to understand the wrongs of yesterday, both to grasp what has brought us to our present reality and to understand the past for itself.”
–Shashi Tharoor, An Era of Darkness: The British Empire in India
Topics Covered
- A brief introduction of the state of the Indian economy on the eve of independence.
- Indian economic system and common goals of Five yearFive-year Plans.
- Main features, problems and policies of:
- agriculture (institutional aspects and new agricultural strategy)
- industry (IPR 1956; SSI – role & importance)
- foreign trade.
CHAPTER AT A GLANCE
Indian Economy on the ...
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