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Indian Economy 1950-1990

Question

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Why do Five Year Plans place a lot of emphasis on the industrial development?

Solution

Five Year Plan places a lot of emphasis on the industiral development because industrial development promotes modernisation and overall prosperity.

Some More Questions From Indian Economy 1950-1990 Chapter

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?

Name the sectors from which the GDP of a country is derived.

On which idea is the policy of 'land to tiller' is based?

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