Economy, asked by singharishaan, 5 hours ago

what are the main features of developmental strategy adopted by India since 1991​

Answers

Answered by SujalBanik
1

Answer:

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Explanation:

About a century of direct British colonial rule had made Indian economy dependent on the requirements of the British economy. India, by 1947, had primarily become an exporter of raw material needed for the industries in Britain. Th e heavy and basic industries were hardly encouraged by the government, while the agricultural sector crumbled due to neglect in terms of investments and innovation. Hunger was rampant and India was faced with famine almost every decade. Th e regional development of the country had become signifi cantly lopsided. Aft er the independence, the major challenges before the country were to remove hunger and reconstruct the economy in such a way that it becomes self-sustaining. Th is required building strategies and their eff ective implementation. Many strategies themselves, in the course of time, became impediment for development, and therefore needed to be altered or abandoned. Th e vast and varied geography, cultural and social diversity, diff ering political belief and ideology, and highly skewed economic abilities of populace made successive Indian governments adopt diff ering and multi-pronged strategies for the country's development. Th e ideas of common man, people-centred development to neoliberal form of economic growth rooted in philosophy of hyper accumulation by a few have been experimented in the country. Although a number of development strategies with varied nature and contradicting outcomes are still in process, a signifi cant change has taken place in the post-reform period (1991)

Answered by vaibhavpatil7567
0

Answer:

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