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UNIT IIII - NCERT

DEVELOPMENT POLICIES AND EXPERIENCE (1947-90)UNITIIIUNITI2022-23 The two chapters in this unit give us an overviewof the state of the Indian economy as it was at theeve of independence till after four decades ofplanned development, which was a path that Indiachose. This meant that the Government of Indiahad to take a series of steps such as theestablishment of the Planning Commission andannouncement of five year plans. An overview ofthe goals of five year plans and a critical appraisalof the merits and limitations of planned developmenthas been covered in this After studying this chapter, the learners will become familiar with the state of the Indian economy in 1947, theyear of India s independence understand the factors that led to the underdevelopment andstagnation of the Indian ECONOMYON THEEVE OF INDEPENDENCE2022-234 INDIAN ECONOM

shaped India’s post-independence development strategy. The structure of India’s 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. The sole ...

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