South Asian Political Science

[Name of Writer][Name of Institute][Course][Date]Indian Economic PlanningIndia gained independence from the British in 1947 . The prudence was dead(a) and loosely based upon agriculture . Industrial development was silent . exiguity and hunger was rampant . The British disposal did non alter agriculture practices . The infrastructure was not developed . The rail declivity carcass only connected the major ports to the major cheat centers . Cites like Bombay and Madras were major centers of trade and commerce . The industries were not properly developed . Illiteracy epidemics , famine , high mortality assess and misery were some of the problems faced by IndiaThe Indian judicature pursued a st positiongy to improve the frugalal conditions of its sight . The emphasis was on socialistic system which would enable scotch growth , egotism reliance and poverty eradication . The parsimoniousness was to be a mixed one with both prevalent and private handle (Acharya , 124India s first and spot five year computer programmes advocated the penning of weighty industries . They as well aimed at raising the nest egg rate and to build the rescue in the aftermath of the compound ontogeny and partition . The aims of the five year plans were to reduce immaterial supremacy and develop indigenous industry . They also aimed to forbid economical power from being monopolized by few elect . They also lacked to establish authorities control of the economy . tension was also placed on development of heavy industries . different policies and regulatory controls were also introduced . The logic behind this was that erst industrialization occurred the benefits would spread to the poor people .India s economic grooming by the government was not a success . The economic system was one of the worst systems in the world . A class of politici! ans and bureaucrats managed the economy for their own interests The economy was a diversity of estate capitalism and corporatism . The bureaucracy was incompetent .

These policies were inadequate in modify the economic condition of the Indian peopleUnder Nehru the Indian government rationalise off imports and created a protected market place for internal industries . house servant production was plagued by meek theatrical role and obsolete products . The policies mentally retarded economic development . The automobile industry for instance produced 2 models for about forty yearsThe second five year plan el iminated imports by introducing high tariffs and low quotas . The large industries were nationalized . The bureaucracy gave licenses to forward-looking industries . If an industry was losing money it was not shut down and instead provided with government subsidies . This led to topsy-turvyness and caused unproductivity . A severe emphasis on protectionism and import renewal was placed on industrialization . Indian policy makers pass judgment that both public and private sectors were involved which would be a middle itinerary between a Soviet course central economy and US style free market economy (Ahluwalia , 134Businesses were also set up in retral areas of India . This required producing goods which could be afforded by the poor people . India s economic plans were financed by pickings away agricultural resources and investing them in the industrial sector . This led to neglect of agriculture and development...If you want to get a full essay, order it on our website: OrderCustomPaper.c! om

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