Economic Development of India. Problems Build Agriculture and Industry Build Agriculture and...
-
Upload
margery-jackson -
Category
Documents
-
view
214 -
download
0
Transcript of Economic Development of India. Problems Build Agriculture and Industry Build Agriculture and...
Economic Economic Development of IndiaDevelopment of India
ProblemsProblems
Build Agriculture and Build Agriculture and IndustryIndustry– Food and manufactured Food and manufactured
goodsgoods
ProblemsProblems
Agriculture:Agriculture:– Poor soilPoor soil– Inefficient farming methods Inefficient farming methods – Needed to increase crop outputNeeded to increase crop output– Land distributionLand distribution– Tenant farmingTenant farming– overpopulationoverpopulation
ProblemsProblems
Industry:Industry:– Dependence on imported Dependence on imported
manufactured goods, machines, and manufactured goods, machines, and oiloil
– Gov’t run businesses inefficientGov’t run businesses inefficient– Limited foreign investmentLimited foreign investment
SolutionsSolutions
Gov’t took lead to develop Gov’t took lead to develop Agriculture and IndustryAgriculture and Industry
SolutionsSolutions
Nehru: Nehru: – Socialist principlesSocialist principles– series of five year plans with limited series of five year plans with limited
foreign investment – mixed economyforeign investment – mixed economy– Factories to produce manufactured Factories to produce manufactured
goodsgoods– gov’t: steel, mining, textile, gov’t: steel, mining, textile,
transportation, energytransportation, energy– private: consumer goodsprivate: consumer goods
SolutionsSolutions
Rajiv: Rajiv:
– liberalized economy: liberalized economy: stimulated economic growth stimulated economic growth in Indiain India
Encouraged private enterpriseEncouraged private enterprise
– Foreign partnershipsForeign partnerships
SolutionsSolutions
moved from socialism (Nehru 1950-60) moved from socialism (Nehru 1950-60) to free/private enterprise and the to free/private enterprise and the liberalization of the economy (Rajiv liberalization of the economy (Rajiv Gandhi 1980)Gandhi 1980)
Agriculture: Agriculture: – gov’t irrigation systemsgov’t irrigation systems– New machinesNew machines– Green Revolution (video): use technology to (video): use technology to
increase output of cropsincrease output of crops– Land reform Land reform
India’s Economic GoalIndia’s Economic Goal
create a modern industrialized create a modern industrialized nation nation
self sufficient self sufficient – Video -Video - India's Economy: The Road Ahead