Industrial Growth in Third Five Year Plan

Both second and third plan emphasized on the development of heavy industries in the country but the third plan was the beginning of perspective planning in India. [Perspective planning refers to long-term planning in which long range targets are set ..

Industrial Growth in Second Five Year Plan

The second five year plan was based on Industrial Policy Resolution of 1956  and it accorded top priority to Industrialisation. Based on the Mahalanobis model, this plan emphasised the setting up of Basic and Heavy Industries so that a strong ..

Industrial Growth in First Five Year Plan

At the time of India’s freedom, the Indian Economy exhibited the features of underdeveloped economy. Most of the industries produced consumer goods such as cotton textile, sugar, soap, leather goods etc. The intermediate products industry was small, and capital goods ..

Various Types of Goods

In economy, any object that is ‘useful’ is good. Useful here means utility, not good or bad in moral sense. A good is different from service because while former is a tangible object, later is an action that benefits someone. ..

Key Provisions of New Industrial Policy 1991

On July 24, 1991, Government of India announced its new industrial policy with an aim to correct the distortion and weakness of the Industrial Structure of the country that had developed in 4 decades; raise industrial efficiency to the international ..

Voluntary Efforts in Land Reforms in India

Voluntary efforts by organisations were initially focussed on poverty alleviation. After the Bhoodan and Gramdan movements, voluntary organisations took up the issue of land reforms. They started working for the voluntary donation of land and its redistribution to the landless. ..

License Raj, IDA Act and Other Policies Till 1991

Industrial Policy (1956) was reformed several times before the new Industrial policy 1991 was launched. This was a watershed moment for Indian Economy ending the license Raj and ushering India into liberalization, privatisation and globalization. Before we move ahead, it’s ..

Bhoodan and Gramdan Movements

The Bhoodan and Gramdan movements, initiated by Vinoba Bhave, aimed to bring about a “non-violent revolution” in India’s land reforms programme. These integrated movements attempted to implement land reforms by urging the landed classes to voluntarily surrender a part of ..