Indian Economy 1950-1990
'The new agricultural technology involved risks'. Explain.
India became self-sufficient in food grains requirements but the technology involved was not free from risks. One was the possibility that it will increase the disparities between small and big farmers because the big farmers could afford the required inputs and were able to reap most of the benefits of the Green Revolution. The HYV crops were also more prone to attack by pests, and the small farmers who adopt this technology may lose everything in a pest attack. But these did not come true because of the steps taken by the government. The government provided loans at a low interest rate to small farmers and subsidised fertilizers so that small farmers also could have access to the needed inputs.
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What do you mean by economic planning?
In India who is the chair person of Planning Commission?
Who formulate plans in India?
Who floated the idea of planning in India first of all?
How many plans have been completed in India so far?
Define capitalist economy.
What is a socialist economy?
What is mixed economy?
What is meant by economic growth?
What structural change undergoes with development of the economy?
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