Post-independence consolidation to 1991
Planning, nationalisation, land reform and the Green Revolution
Practise 1 PYQConcepts to cover
- Planning Commission 1950, First Plan (agriculture, Harrod-Domar), Second Plan (Mahalanobis heavy industry), Bombay Plan 1944 as background
- Industrial Policy Resolutions 1948 and 1956, mixed economy, public sector commanding heights
- Air India nationalised 1953, Imperial Bank renamed State Bank of India 1955, life insurance nationalised into LIC 1956, fourteen banks 1969
- Zamindari abolition, tenancy reform, land ceilings, Vinoba Bhave's Bhoodan 1951 and Gramdan, cooperative farming debate at Nagpur 1959
- High-yielding varieties from the mid-1960s, Punjab, Haryana and western UP, M.S. Swaminathan and Norman Borlaug, regional and class effects