Question

Briefly discuss the progres of Indian economy during
the first seven plans in the agriculture, industrial
and trade sector.
Please answer this question ❤️​

Answer 1

Answer:

The progress of the Indian economy during the first seven plans was impressive indeed. Our industries became far more diversified compared to the situation at independence. India became self- sufficient in food production thanks to the green revolution. Land reforms resulted in abolition of the hated zamindari system.

Answer 2

The progress of the Indian economy during the first seven plans was impressive indeed.

Explanation:

• During the first seven plans our industries became far more diversified compared to the situation at independence.
• India became self - sufficient in food production thanks to the green revolution.
• Land reforms resulted in abolition of the hated zamindari system.
• In the name of selfreliance, our producers were protected against foreign competition and this did not give them the incentive to improve the quality of goods that they produced.
• Excessive government regulation prevented growth of entrepreneurship.
• Our policies were ‘inward oriented’ and so we failed to develop a strong export sector.
• The need for reform of economic policy was widely felt in the context of changing global economic scenario and the new economic policy was initiated in 1991 to make our economy more efficient.

To Learn More...

1.Why do farmers engage in small scale manufacturing in village Palampur

https://brainly.in/question/4611673