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What did the abbreviation "PL-480" stand for in the context of India's economic history?
- a)Public Law 480
- b)Plan for Land Reform 480
- c)Poverty Level 480
- d)Plan for Industrialization 480
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What did the abbreviation "PL-480" stand for in the context of India's...
In the context of India's economic history, "PL-480" stands for Public Law 480, also known as 'Food for Peace.' It was a U.S. funding program for providing food aid to countries.
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What did the abbreviation "PL-480" stand for in the context of India's...
Understanding PL-480
PL-480, formally known as Public Law 480, was a significant U.S. legislation enacted in 1954 to facilitate the donation and sale of agricultural commodities to countries in need. It played a crucial role in India's economic history, particularly during the 1960s and 1970s.
Key Features of PL-480
- Objective: The primary aim was to combat hunger and ensure food security in developing countries through the provision of U.S. agricultural surplus.
- Food Aid Programs: Under this law, the U.S. provided food assistance to India, especially during times of drought and famine, helping to stabilize the food supply.
- Economic Impact: The influx of U.S. food grains helped alleviate immediate hunger while allowing the Indian government to focus on long-term agricultural reforms.
Impact on India
- Famine Relief: PL-480 was critical during the severe famines in India, enabling the government to provide relief without exhausting domestic supplies.
- Agricultural Development: The program indirectly supported agricultural initiatives by providing the necessary food security that allowed for the implementation of various agricultural policies.
- Dependency Issues: Over time, reliance on PL-480 raised concerns about dependency on foreign aid, prompting discussions about self-sufficiency in food production.
Conclusion
In summary, PL-480 (Public Law 480) was a pivotal initiative in India's economic history, providing essential food aid during critical periods. It not only addressed immediate hunger but also influenced agricultural policies, although it raised important discussions about dependency on external assistance.
PL-480, formally known as Public Law 480, was a significant U.S. legislation enacted in 1954 to facilitate the donation and sale of agricultural commodities to countries in need. It played a crucial role in India's economic history, particularly during the 1960s and 1970s.
Key Features of PL-480
- Objective: The primary aim was to combat hunger and ensure food security in developing countries through the provision of U.S. agricultural surplus.
- Food Aid Programs: Under this law, the U.S. provided food assistance to India, especially during times of drought and famine, helping to stabilize the food supply.
- Economic Impact: The influx of U.S. food grains helped alleviate immediate hunger while allowing the Indian government to focus on long-term agricultural reforms.
Impact on India
- Famine Relief: PL-480 was critical during the severe famines in India, enabling the government to provide relief without exhausting domestic supplies.
- Agricultural Development: The program indirectly supported agricultural initiatives by providing the necessary food security that allowed for the implementation of various agricultural policies.
- Dependency Issues: Over time, reliance on PL-480 raised concerns about dependency on foreign aid, prompting discussions about self-sufficiency in food production.
Conclusion
In summary, PL-480 (Public Law 480) was a pivotal initiative in India's economic history, providing essential food aid during critical periods. It not only addressed immediate hunger but also influenced agricultural policies, although it raised important discussions about dependency on external assistance.
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What did the abbreviation "PL-480" stand for in the context of India's economic history?a)Public Law 480b)Plan for Land Reform 480c)Poverty Level 480d)Plan for Industrialization 480Correct answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What did the abbreviation "PL-480" stand for in the context of India's economic history?a)Public Law 480b)Plan for Land Reform 480c)Poverty Level 480d)Plan for Industrialization 480Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What did the abbreviation "PL-480" stand for in the context of India's economic history?a)Public Law 480b)Plan for Land Reform 480c)Poverty Level 480d)Plan for Industrialization 480Correct answer is option 'A'. Can you explain this answer?.
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