Cheat sheet · Class 12 · CBSE · Commerce Economics
Indian Economic Development: Indian Economy 1950–1990 cheat sheet
The whole chapter on one page: key formulas, facts and the points to remember, for quick revision before a test.
CBSE Class 12 · Economics
Cheat sheet
Chapter 8Indian Economy 1950–1990
Plan goals: Growth, Modernisation, Self-reliance, Equity.
1. Goals of Planning
- growth
- modernisation
- self-reliance
- equity
2. Agriculture
- Land reforms: abolition of intermediaries, land ceiling.
- Green Revolution: HYV seeds, fertilisers, irrigation (wheat, rice).
- Subsidies debate.
3. Industry & Trade
- Industrial Policy Resolution 1956: public sector lead.
- Licensing; small-scale industries reserved.
- Import substitution with tariffs and quotas.
4. Key Points
- Planning Commission: 1950.
- First Five Year Plan: agriculture focus.
- Mahalanobis: second plan, heavy industry.
- Inefficiency of protected industries.
Remember: 4 goals | land reforms & Green Revolution | IPR 1956
Indian Economic Development: Indian Economy 1950–1990: questions and notes
More Class 12 · CBSE · Commerce Economics cheat sheets
- Macroeconomics: Introduction
- Macroeconomics: National Income Accounting
- Macroeconomics: Money and Banking
- Macroeconomics: Determination of Income and Employment
- Macroeconomics: Government Budget and the Economy
- Macroeconomics: Open Economy Macroeconomics
- Indian Economic Development: Indian Economy on the Eve of Independence
- Indian Economic Development: Indian Economy 1950–1990
- Indian Economic Development: Liberalisation, Privatisation and Globalisation – An Appraisal
- Indian Economic Development: Human Capital Formation in India
- Indian Economic Development: Rural Development
- Indian Economic Development: Employment – Growth, Informalisation and Other Issues
- Indian Economic Development: Environment and Sustainable Development
- Indian Economic Development: Comparative Development Experiences of India and its Neighbours
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