Development Policies and Experience (1947 - 1990)
- 6 years ago
Class 11th Economic Indian Economy
lecture NCERT Class 11 Economics Chapter 1: Indian Economy on Eve of Independence
Understand historical backdrop
Britishers turned India into raw material supplier for their own industrial development – exploitative nature of development
Before British Advent
Agriculture
Handicraft – cotton & silk, metal & precious stone
Had worldwide market – fine quality & high standards of craftsmanship
Muslin (from Dhaka – now in Bangladesh) – finest quality as malmal – known as malmal khas or malmal shahi
British Advent
Protect & promote British interest
Transform India into supplier of raw materials and consumer of finished industrial products from Britain
No sincere effort to measure national & per capita income
Country’s growth of aggregate real output during the first half of 20th century was less than 2% & ½% growth in per capita output per year
lecture NCERT Class 11 Economics Chapter 1: Indian Economy on Eve of Independence
Understand historical backdrop
Britishers turned India into raw material supplier for their own industrial development – exploitative nature of development
Before British Advent
Agriculture
Handicraft – cotton & silk, metal & precious stone
Had worldwide market – fine quality & high standards of craftsmanship
Muslin (from Dhaka – now in Bangladesh) – finest quality as malmal – known as malmal khas or malmal shahi
British Advent
Protect & promote British interest
Transform India into supplier of raw materials and consumer of finished industrial products from Britain
No sincere effort to measure national & per capita income
Country’s growth of aggregate real output during the first half of 20th century was less than 2% & ½% growth in per capita output per year