Why was it necessary for a developing co | Class 11 Economics - Indian Economic Development Chapter Indian Economy 1950-1990, Indian Economy 1950-1990 NCERT Solutions

Welcome to the NCERT Solutions for Class 11 Economics - Indian Economic Development - Chapter Indian Economy 1950-1990. This page offers a step-by-step solution to the specific question from Exercise 1, Question 10:

Why was it necessary for a developing country like India to follow self-reliance as a planning objective?

. With detailed answers and explanations for each chapter, students can strengthen their understanding and prepare confidently for exams. Ideal for CBSE and other board students, this resource will simplify your study experience.

Question 10:

Why was it necessary for a developing country like India to follow self-reliance as a planning objective?

Answer:

Self-reliance implies discouraging the imports of those goods that could be produced domestically. Achieving self-reliance is of prime importance for a developing country like India as otherwise, it would increase the country's dependence on foreign products. Dependence on foreign goods and services can promote economic growth of India but this would not contribute to the development of domestic productive resources. Dependence on foreign goods and services provides impetus to foreign country's industries at the cost of domestic infant industries. Further, imports drain away the scarce foreign reserves that are of prime importance to any developing and underdeveloped economy. Therefore, achieving self-reliance is an important objective for developing countries in order to avoid themselves from being acquiescent to the developed nations.


Study Tips for Answering NCERT Questions:

NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

  • Read the question carefully and focus on the core concept being asked.
  • Reference examples and data from the chapter when answering questions about Indian Economy 1950-1990.
  • Review previous year question papers to get an idea of how such questions may be framed in exams.
  • Practice answering questions within the time limit to improve your speed and accuracy.
  • Discuss your answers with your teachers or peers to get feedback and improve your understanding.

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Welcome to the NCERT Solutions for Class 11 Economics - Indian Economic Development - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 10: Why was it necessary for a developing country like India to follow self-reliance as a planning objec....

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