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Indian Economy 1950-1990

Nagaland Board · Class 11 · Economics

Quick revision notes for Indian Economy 1950-1990 — Nagaland Board Class 11 Economics. Key concepts, formulas, and definitions for last-minute revision.

113 questions20 flashcards5 concepts

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Key Topics to Revise

1

Economic System and Planning Framework

  • India adopted a Mixed Economy model combining features of socialism and capitalism
  • Rejected pure capitalism (market-driven) and pure socialism (state-controlled)
  • Planning Commission established in 1950 with PM as Chairperson
2

Goals of Five Year Plans

  • Growth: Increase in GDP through expanded productive capacity and efficiency
  • Modernization: Adoption of new technology and progressive social outlook
  • Self-reliance: Reducing dependence on imports, especially for essential goods
3

Agricultural Policies and Reforms

  • Land Reforms: Abolition of intermediaries (zamindars) and land ceiling legislation
  • Green Revolution: Use of High Yielding Variety (HYV) seeds, fertilizers, and pesticides
  • Two phases: First phase (mid-1960s to mid-1970s) - limited to affluent states and wheat; Second phase (mid-1970s to mid-1980s) - spread to more states and crops
4

Industrial Development Strategy

  • Industrial Policy Resolution 1956 classified industries into three categories
  • Public sector given 'commanding heights' of economy
  • License Raj system for industrial regulation and regional development

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Full Notes

Key Concepts

India adopted a mixed economy systemSystematic economic planning documents that specifiedGrowth (increasing GDP and productive capacity)Policy initiatives to change land ownershipAgricultural transformation achieved through High Yielding

Frequently Asked Questions

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Indian Economy 1950-1990 covers several key topics that are frequently asked in Nagaland Board Class 11 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
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Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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