NCERT Class 11 Economics Chapter 2: Indian Economy 1950-1990 | English

Dr. Manishika Jain in this lecture NCERT Class 11 Economics Chapter 2: Indian Economy 1950-1990

Aim of Planning?
Initiate development to raise living standards
Bring in new opportunities

After 1947, build economic system for welfare for all
Nehru – appealed to socialism (but not want to change the ownership pattern of land)
India – Mixed Economy - Socialist nation with public sector & private property and democracy – reflected in Industrial Policy resolution of 1948 & Directive Principles of Constitution

Types of Economic System
Market economy or capitalism – not based on need but on purchasing power; if labour is cheap – go for labor-intensive industries – in this majority of the people are left behind
Socialist economy – govt. decides what goods should be produced and distributed – need based economy – Cuba & China
Mixed Economy – Govt. & market forces together answer – what to produce? How to produce? How to distribute?

Chapters:
0:00 Introduction: NCERT Class 11 Economics Chapter 2: Indian Economy 1950-1990
1:18 Aim of Planning
3:53 Types of Economic System
5:01 Plan
6:39 PC Mahala Nobis
7:07 Nehru-Mahala Nobis Model of Growth
7:53 Planning Commission
8:20 Growth
8:57 Modernization
9:35 Self-Reliance
11:36 Agriculture
13:18 Land Reforms
16:22 Green Revolution
19:15 Disadvantages
19:26 Subsidy
21:03 Industry & Trade
22:03 Industrial Policy Resolution, 1956
25:39 Trade Policy
25:46 Tariff
25:47 Quotas
29:55 Defence is Still under State
30:35 Lessons Learnt

#Concessions #Mechanization #Affluent #Ownership #Intermediaries #Economy #Socialism #Modernization #Equity #Produced #Manishika #Examrace

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