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Economic Development of India

Explore the economic development of India, with challenges in agriculture & industry, solutions implemented by the government, transition from socialism to liberalization, focus on modernization & self-sufficiency. Learn about India's economic goals, Human Development Index, and key discoveries in the country's development journey.

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Economic Development of India

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  1. Economic Development of India

  2. Problems • Build Agriculture and Industry • Food and manufactured goods

  3. Problems • Agriculture: • Poor soil • Inefficient farming methods • Needed to increase crop output • Land distribution • Tenant farming • Increased population growth

  4. Problems Industry: • Dependence on imported manufactured goods, machines, and oil • Gov’t run businesses inefficient • Limited foreign investment

  5. Solutions • Gov’t took lead to develop Agriculture and Industry

  6. Solutions • Nehru: • Socialist principles • series of five year plans with limited foreign investment – mixed economy • Factories to produce manufactured goods • gov’t: steel, mining, textile, transportation, energy • private: consumer goods

  7. Solutions • Rajiv: • liberalized economy: • stimulated economic growth in India • Encouraged private enterprise • Foreign partnerships

  8. Solutions • moved from socialism (Nehru 1950-60) to free/private enterprise and the liberalization of the economy (Rajiv Gandhi 1980) • Agriculture: • gov’t irrigation systems • New machines • Green Revolution (video): use technology to increase output of crops • Land reform – limited impact • Yumana River is Dead

  9. India’s Economic Goal • create a modern industrialized nation • self sufficient • Video -India's Economy: The Road Ahead • HDI – Link – Article • The Human Development Index (HDI) is a composite statistic of life expectancy, education, and income per capita indicators, which are used to rank countries into four tiers of human development • Map next slide

  10. Discovery Education • Discoveries India: Golden Triangle • Superpower India: Emerging Superpower: India’s Booming Bangalore • Child Labor 5:00 • Cotton Labor CNN 2:14 • Bonded labor CNN 3:39

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