Does modernisation as a planning objective create contradiction in the light of employment generation? Explain.
No, modernisation as a planning objective does not contradict employment generation. In fact both modernisation and employment generation are positively correlated. While modernisation refers to the use of new and modern technology in the production process that may make some people lose their jobs in the initial stages. But gradually, the use of modern technology and input will raise the productivity and, consequently, the income of the people that will further raise the demand for goods and services. In order to fulfill this increased demand, there will be more job opportunities that will lead more people to be hired and, hence, more employment opportunities will be generated. Hence, both modernisation and employment generation are not contradictory but are complementary to each other.
Why was the public sector given a leading role in industrial development during the planning period?
Match the following:
1. Prime Minister 3. Quota 4. Land Reforms 5. HYV Seeds 6. Subsidy |
A. Seeds that give large proportion of output C. Chairperson of the planning commission D. The money value of all the final goods and services produced within the economy in one year. E. Improvements in the field of agriculture to increase its productivity F. The monetary assistance given by government for production activities. |
What is marketable surplus?
What is the Green Revolution? Why was it implemented and how did Does it benefit the farmers? Explain in brief.
Explain ‘growth with equity’ as a planning objective.
Why was it necessary for a developing country like India to follow self-reliance as a planning objective?
Why and how was the private sector regulated under the IPR 1956?
Why should plans have goals?
Define a plan?
Why did India opt for planning?
What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
What are the two major sources of human capital in a country?
What do you mean by rural development? Bring out the key issues in rural development.
Who is a worker?
Explain the term ‘infrastructure’.
What is meant by environment?
Why are regional and economic groupings formed?
Why were reforms introduced in India?
Why calorie-based norm is not adequate to identify the poor?
Name some notable economists who estimated India’s per capita income during the colonial period?
Do you think outsourcing is good for India? Why are developed countries opposing it?
Meena is a housewife. Besides taking care of household chores, she works in the cloth shop which is owned and operated by her husband. Can she be considered as a worker? Why?
Enlist some problems faced by farmers during the initial years of organic farming.
Identify six factors contributing to land degradation in India.
How do infrastructure facilities boost production?
Explain the role of micro-credit in meeting credit requirements of the poor.
Bring out the importance of animal husbandry, fisheries and horticulture as a source of diversification.
‘There is a downward trend in inequality world-wide with a rise in the average education levels’. Comment.
What is the meaning of quantitative restrictions?
Underscore some of India’s most crucial economic challenges at the time of independence.