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The second stage of transition began after 1921. This stagnation in the agricultural sector was caused mainly because of the various systems of land settlement that were introduced by the colonial government. Particularly, under the zamindari system which was implemented in the then Bengal Presidency comprising parts of Indias present-day eastern states, the profit accruing out of the agriculture sector went to the zamindars instead of the cultivators. In a socialist society the government decides what goods are to be produced in accordance with the It is assumed that the government knows what is good for the people of the country and so the desires of individual consumers are not given much importance. In addition, the decision to develop the Indian economy on socialist lines led to the policy of the state controlling the commanding heights of the economy, as the Second Five Year plan put it. There was, of course, some evidence of a relatively higher yield of cash crops in certain areas of the country due to commercialization of agriculture. It is for this reason that the five year plans place a lot of emphasis Public and Private Sectors in IndianIndustrial Development: State had to play an extensive role in promoting the industrial sector. However, modernization does not refer only to the use of new technology but also to changes in social outlook such as the recognition that women should have the same rights as men. LOG IN Welcome! Log into your account Forgot your password? Recover your password studytotal.com Articles Agro Current Affairs Yearbook Planning development Ethics Essay Economy Geography Environment Disaster History Culture Diplomacy Optional Mains Subjects S&T Internal Security Aptitude Polity Security Interview Topic Suggested Motivation Home Download NCERT Indian Economic Development-Class-XI.pdf Compliations 2016 DownloadArticlesEconomy [DOWNLOAD] NCERT Indian Economic Development-Class-XI.pdf Compliations 2016 By citylight - May 24, 2016 0 161 Share on Facebook Tweet on Twitter Indian Economic Development-Class-XI.pdf Download PDF Download Click me HIGHLIGHT from NCERT PDFShortNote Compliation Material CONTENTS CHAPTER 1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE CHAPTER 2: INDIAN ECONOMY 1950-1990 CHAPTER 3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL CHAPTER 4: POVERTY CHAPTER 5: HUMAN CAPITAL FORMATION IN INDIA CHAPTER 6: RURAL DEVELOPMENT CHAPTER 7: EMPLOYMENT: GROWTH, INFORMALISATION AND OTHER ISSUES CHAPTER 8: INFRASTRUCTURE CHAPTER 9: ENVIRONMENT AND SUSTAINABLE DEVELOPMENT CHAPTER 10: COMPARATIVEDEVELOPMENTEXPERIENCES OF INDIA AND ITS NEIGHBOURS CHAPTER 1-INDIAN ECONOMY ON THE EVE OF INDEPENDENCE The structure of Indias present- day economy is not just of current making; it has its roots steeped in history, particularly in the period when India was under British rule which lasted for almost two centuries before India finally won its independence on 15 August 1947. Along with the development of roads and railways, the colonial dispensation also took measures for developing the inland trade and sea lanes.

half of Indias foreign trade was restricted to Britain while the rest was allowed with a few other countries like China, Ceylon (Sri Lanka) and Persia (Iran). The stagnation in agriculture during the colonial rule was permanently broken by the green revolution. Most economies are mixed economies, i.e. The policy makers of independent India had to address these issues which they did through land reforms and promoting the use of High Yielding Variety (HYV) seeds which ushered in a revolution in Indian Land Reforms: At the time of independence, the land tenure system was characterized by intermediaries who merely collected rent from the actual tillers of the soil without contributing towards improvements Equity in agriculture called for land reforms which primarily refer to change in the ownership of Just a year after independence, steps were taken to abolish intermediaries and to make the tillers the Land ceiling was another policy to promote equity in the agricultural sector. The overall mortality rate was very high. The five year plans are supposed to provide the basis for the perspective plan. The primary motive of the colonial government behind this policy of systematically de- industrializing o The intention was, first, to reduce India to the status of a mere exporter of important raw o Second, to turn India into a sprawling market for the finished products of those industries so materials for the upcoming modern industries in Britain and, that their continued expansion could be ensured to the maximum advantage of their home o During the second half of the nineteenth century, modern industry began to take root in India Initially, this development was confined to the setting up of cotton and jute textile mills. For example, a farmer can increase the output on the farm by using new seed varieties instead of using the old ones. As a result, in the first phase of the green revolution (approximately mid 1960s upto mid 1970s), the use of HYV seeds was restricted to the more affluent states such as Punjab, Andhra Pradesh and Tamil Nadu.

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