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Indian Economy: Indian Economy on the Eve of Independence Video Lecture | NCERT Video Summary: Class 6 to Class 12 (English) - UPSC
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FAQs on Indian Economy: Indian Economy on the Eve of Independence Video Lecture - NCERT Video Summary: Class 6 to Class 12 (English) - UPSC
| 1. What was the state of the Indian economy on the eve of independence? |  |
Ans. On the eve of independence, the Indian economy was primarily agrarian, with agriculture being the mainstay of the economy. The majority of the population was engaged in farming, and the country relied heavily on agricultural production for its livelihood. Industrialization was limited, and the economy was largely underdeveloped compared to other nations.
| 2. How did the Indian economy transform after independence? | |
Ans. After independence, the Indian economy underwent significant transformations. The government implemented various economic policies, such as the Five-Year Plans, to promote industrialization and economic growth. The public sector was expanded, and state-led industrialization efforts were initiated. Land reforms were also instituted to address agricultural issues and promote rural development.
| 3. What were the challenges faced by the Indian economy during the post-independence period? | |
Ans. The Indian economy faced several challenges during the post-independence period. These included a lack of industrial infrastructure, low agricultural productivity, and unemployment. The country also had to deal with the partition-related issues, such as the division of assets and resources. Additionally, the economy had to adapt to the new political and administrative structure of an independent nation.
| 4. How did the Indian economy achieve self-sufficiency in food production? | |
Ans. The Indian economy achieved self-sufficiency in food production through the Green Revolution. This involved the introduction of high-yielding varieties of seeds, the use of modern agricultural techniques, and the expansion of irrigation facilities. The government also implemented policies to support farmers, such as providing subsidies and access to credit. These efforts led to a significant increase in agricultural productivity and helped India become self-sufficient in food production.
| 5. What role did economic planning play in the development of the Indian economy after independence? | |
Ans. Economic planning played a crucial role in the development of the Indian economy after independence. The government introduced Five-Year Plans to set targets for various sectors and allocate resources accordingly. These plans focused on industrialization, infrastructure development, and poverty alleviation. They helped in the formulation and implementation of policies, mobilization of resources, and coordination of various economic activities, leading to the overall development of the Indian economy.
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Dec 19, 2024 Last updated |
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