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Indian Economy 1950-1990
Write down the advantages of import substituting industrialisation.
Advantages of import substituting industrialisation:
1. It helped in saving foreign exchange by drastically reducing imports of goods.
2. It creates a protected market and large demand for domestically produced goods.
3. It helped in solving unemployment problem.
4. It helped in building a strong industrial base in our country which directly led to economic growth.
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What structural change undergoes with development of the economy?
Name the sectors from which the GDP of a country is derived.
On which idea is the policy of 'land to tiller' is based?
Where is the provision for economic and social planning in our Constitution?
Why is agriculture called the backbone of Indian Economy?
What is meant by agriculture?
What are the main causes of backwardness of Indian agriculture?
What do you mean by land reforms?
What is consolidation of holdings?
What is Green Revolution?
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