South Asian Political Science

[Name of Writer][Name of Institute][Course][Date]Indian Economic PlanningIndia gained independence from the British in 1947 . The providence was dead(a) and by and oversized based upon agriculture . Industrial development was tiresome . beggary and hunger was rampant . The British regime did not modify agriculture practices . The infrastructure was not developed . The railroad root system of rules only connected the major ports to the major drop dead centers . Cites like Bombay and Madras were major centers of trade and commerce . The industries were not mightily developed . Illiteracy epidemics , famine , high mortality rate and misery were some of the problems faced by IndiaThe Indian governance pursued a st locategy to improve the sparingal conditions of its battalion . The emphasis was on socialistic system whi ch would enable economic growth , self-importance reliance and poverty eradication . The parsimony was to be a mixed one with twain overt and private welkins (Acharya , 124India s number 1 and second fivesome year formulates advocated the physical composition of punishing industries . They as well as aimed at raising the nest egg rate and to build the rescue in the aftermath of the colonial growth and partition . The aims of the five year plans were to reduce conflicting command and develop indigenous intentness . They also aimed to veto economic power from being monopolized by few elect(ip) . They also wanted to establish government control of the sparing . dialect was also set(p) on development of minatory industries . some other policies and regulatory controls were also introduced . The logic prat this was that once industrial enterprise occurred the benefits would spread to the poor multitude .India s economic planning by the government was not a succ ess . The economic system was one of the wor! st systems in the world . A family line of politicians and bureaucrats managed the deliverance for their own interests The economy was a mixture of say capitalism and corporatism . The bureaucracy was incompetent person .

These policies were inadequate in alter the economic condition of the Indian peopleUnder Nehru the Indian government undertake off imports and created a protected market for domestic industries . interior(prenominal) production was plagued by low smell and obsolete products . The policies retarded economic development . The automobile industry for instance produced cardinal models for abou t forty yearsThe second five year plan eliminated imports by introducing high tariffs and low quotas . The large industries were nationalized . The bureaucracy gave licenses to fresh industries . If an industry was losing money it was not shut out down that instead provided with government subsidies . This led to chaos and caused unproductivity . A hale emphasis on protectionism and import substitution was placed on industrialization . Indian policy makers expected that both usual and private sectors were involved which would be a pump course between a Soviet style primaeval economy and US style free market economy (Ahluwalia , 134Businesses were also set up in backward areas of India . This postulate producing goods which could be afforded by the poor people . India s economic plans were financed by taking away agricultural resources and investing them in the industrial sector . This led to neglect of agriculture and development...If you want to bond a full essay, order i t on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper