Description: This textbook traces the history of the Indian economy from the eve of Independence to the present day. It evaluates the impact of various policies, the transition from a closed to an open economy, and the challenges facing the nation today.
Key Concepts:
Colonial Legacy: The state of the Indian economy under British rule.
Economic Planning (1950-1990): The era of Five-Year Plans, the Green Revolution, and industrial licensing.
Economic Reforms (1991): The shift toward Liberalisation, Privatisation, and Globalisation (LPG).
Current Challenges: Poverty, human capital formation, rural development, and sustainable development.
Get Knowledge Gainers updates on our WhatsApp and Telegram Channels