Indian Economy 1950-1990
CBSE · Class 11 · Economics
Complete topic list for Indian Economy 1950-1990 in CBSE Class 11 Economics. Key concepts, sub-topics, and what to focus on for board exams.
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Topics in Indian Economy 1950-1990
1. Economic System and Planning
- India became independent on 15 August 1947.
- Jawaharlal Nehru preferred socialism, but not the Soviet type where all means of production were owned by the government and there was no private property.
- India adopted a mixed economy, which combines public sector planning with private property and democracy.
2. Goals of Five Year Plans
- The main goals of five year plans were growth, modernisation, self-reliance, and equity.
- Growth means increase in the country's capacity to produce goods and services.
- Modernisation means using new technology and also bringing social change, such as greater recognition of women at work.
3. Agriculture: Land Reforms and Green Revolution
- At independence, about 75 per cent of the population depended on agriculture.
- Agriculture had low productivity because of old technology and lack of infrastructure.
- Land reforms aimed at changing ownership of landholdings and improving equity in agriculture.
4. Industry, Public Sector, and Trade Policy
- At independence, India had a narrow industrial base mainly in cotton textiles and jute.
- There were two well-managed iron and steel firms, one in Jamshedpur and the other in Kolkata.
- The role of the public sector became important because private industrialists did not have enough capital for large projects and markets were limited.
Key Concepts
Central concept: Indian Economy 1950-1990
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Sources & Official References
- NCERT Official — ncert.nic.in
- CBSE Academic — cbseacademic.nic.in
- CBSE Official — cbse.gov.in
- National Education Policy 2020 — education.gov.in
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