How was India developed after Independence?
In its 72 years of independence, India has several achievements to its credit. It has built a modern economy (second fastest growing economy), remained a democracy, lifted millions out of poverty, has become a space and nuclear power and developed a robust foreign policy.
Which model of development has been followed in independent India?
The economic development in India followed socialist-inspired politicians for most of its independent history, including state-ownership of many sectors; India‘s per capita income increased at only around 1% annualised rate in the three decades after its independence.
What are the development after Independence?
During the post-Independence era, the growth rate nudged about 2.6 percent per annum. Expansion of farming area and introduction of high-yielding varieties of crops were the major factors of growth in agricultural production. The sector could manage to end dependency on imported food grains.
Which is the main economic objective of India after Independence?
The objectives of industrial policy were: a high growth rate, national self-reliance, reduction of foreign dominance, building up of indigenous capacity, encouraging small scale industry, bringing about balanced regional development, prevention of concentration of economic power, reduction of income inequalities and …
What problems India faced after independence?
The nation has faced religious violence, casteism, naxalism, terrorism and regional separatist insurgencies. India has unresolved territorial disputes with China which in 1962 escalated into the Sino-Indian War, and with Pakistan which resulted in wars in 1947, 1965, 1971 and 1999.
Was India rich before British rule?
Before British Rule (1858)
Before the British ruled in India the East India trade company came to rule while India was very weak, The company made India one of the wealthiest countries in the world. … With the Industrial Revolution it only boosted their wealth’s and helped with their trade efforts.
WHO calculates Ni of India?
In India the Central Statistics Office of the Ministry of Statistics and Programme Implementation have been measuring National Income and other related macroeconomic aggregates. 3.2.
What was set in 1950 for the economic development of the India?
India set up the Planning Commission in 1950 to oversee the entire range of planning, including resource allocation, implementation and appraisal of five-year plans. The five-year plans were centralized economic and social growth programmes modelled after those prevalent in the USSR.
What are the two models of development in India?
Answer: Two models of development are the capitalist and socialist models of development, India adopted the elements from both these models together to be known as “Mixed Economy”.
How has Indian economy changed since independence?
Since 1947, India has achieved tremendous progress in raising growth, income levels and standards of living. The gross domestic product (GDP) increased from Rs 2,939 billion during 1950-51 to Rs 56,330 billion during 2011-12 (2004-05 constant prices).
What was the economic development strategy of India after independence?
After Independence, India has adopted mixed economy as economic developmental strategy. Both public and private sector co-exist side by side. In order to achieve rapid economic growth, planned development economy was introduced.
What is the meaning of post independence?
: of, relating to, or occurring in the period following the attainment of independence the nation’s first postindependence president … the country was so poor that its postindependence leaders famously told inquiring businessmen that there was “no point being corrupt.”— Alex Perry.
What were the three problems that the newly independent nation of India faced?
Answer: The three problems that the newly independent nation of India faced are as follows: Rehabilitation of a large number of refugees. Assimilation of princely states. Ensuring the unity of a country which is full of diversity.
What is the main problem in Indian economy?
The primary economic issues in India are: Low per capita income. Huge dependence of population on agriculture. Heavy population pressure.
What suggestions were made before planning Independence?
Gandhian Plan. Sarvodaya Plan. Planning and Development Department. Planning Advisory Board.