Why was it necessary for a developing country like India to follow self-reliance as a planning objective?
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.
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 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?
Does modernisation as a planning objective create contradiction in the light of employment generation? Explain.
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?
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.
Do you think outsourcing is good for India? Why are developed countries opposing it?
Establish the need for acquiring information relating to health and education expenditure for the effective utilisation of human resources.
What factors contribute to human capital formation?
Discuss the main drawbacks of our health care system.
Why has the industrial sector performed poorly in the reform period?
What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?