Class 12 Indian Economic Development: Indian Economy 1950-1990
Chapter 2: Indian Economy 1950-1990 — study India's economic journey from independence to liberalisation covering planning, agriculture, industry, foreign trade, and the critical appraisal of industrial development. CBSE Class 12 Indian Economic Development notes covering 7 topics: Central Problems and Economic Systems, Economic Planning, Goals of Five Year Plans, Agriculture Land Reforms and Green Revolution, Industrial Development, Foreign Trade, and Critical Appraisal of Industrial Development.
Topics(7)
Central Problems & Economic Systems
The three central problems of an economy and types of economic systems. CBSE Class 12 Indian Economic Development notes
Economic Planning
Definition, P.C. Mahalanobis, Planning Commission, and NITI Aayog. CBSE Class 12 Indian Economic Development notes
Goals of Five Year Plans
Growth, Modernisation, Self-reliance, and Equity. CBSE Class 12 Indian Economic Development notes
Agriculture — Land Reforms & Green Revolution
Land reforms, Green Revolution, achievements, risks, and subsidy debate. CBSE Class 12 Indian Economic Development notes
Industrial Development
Public sector, IPR 1956, licensing, and small-scale industries. CBSE Class 12 Indian Economic Development notes
Foreign Trade
Import substitution strategy, tariffs, and quotas. CBSE Class 12 Indian Economic Development notes
Critical Appraisal of Industrial Development (1950-1990)
Achievements and drawbacks of India's industrial sector. CBSE Class 12 Indian Economic Development notes
Questions by Textbook
Study Simplify Special
Frequently Asked Questions
<p>The Planning Commission was replaced by NITI Aayog in the year:</p>
2015
<p>The Chairman of the Planning Commission was:</p>
Prime Minister
<p>In a mixed economy, the central problems are solved by:</p>
Both government and market together
<p>In India, planning in the real sense began with the:</p>
Second Five Year Plan
<p>In a capitalist economy, the central problems are solved through:</p>
Market forces of demand and supply