Open App

Commerce Exam > Commerce Notes > Economics Class 12 > Mind Map: Indian Economy 1950-1990

Mind Map: Indian Economy 1950-1990 | Economics Class 12 - Commerce PDF Download

Download, print and study this document offline

Please wait while the PDF view is loading

 Page 1


Indian Economy 1950-1990
Economic Policies
Industrial Policy
1956 Resolution
Public Sector Expansion
T rade Policy Import Substitution
Agricultural Sector
Land Reforms
Abolition of Zamindari
Ceiling on Land Holdings
Green Revolution
HYV Seeds
Irrigation
Five Year Plans
First Plan (1951-56) Agricultural Focus
Second Plan (1956-61) Industrial Focus
Subsequent Plans Mixed Focus
Economic Challenges
Population Growth Strain on Resources
Poverty Low Income Levels
Unemployment Lack of Job Opportunities
Economic Reforms
Liberalization Measures Relaxation of Regulations
Privatization Disinvestment in PSUs
Globalization Increased Foreign T rade

	Economics Class 12 64 videos\|365 docs\|57 tests

Economics Class 12

64 videos|365 docs|57 tests

Join Course for Free

FAQs on Mind Map: Indian Economy 1950-1990 - Economics Class 12 - Commerce

1. What were the main features of the Indian economy from 1950 to 1990?

Ans. The Indian economy from 1950 to 1990 was characterized by a mixed economy approach, which included elements of both socialism and capitalism. Key features included state control over major industries, land reforms, the establishment of public sector enterprises, import substitution industrialization (ISI), and a focus on self-sufficiency. The period also saw the implementation of five-year plans aimed at economic growth and development, with a strong emphasis on agriculture and heavy industries.

2. How did the Green Revolution impact the Indian economy during this period?

Ans. The Green Revolution, initiated in the 1960s, had a profound impact on the Indian economy. It introduced high-yielding varieties of crops, improved irrigation techniques, and the use of fertilizers and pesticides. This led to a significant increase in agricultural productivity, which contributed to food security and reduced dependence on food imports. The Green Revolution also stimulated rural development and increased farmer incomes, although it also resulted in regional disparities and environmental issues.

3. What role did the License Raj play in shaping the Indian economy between 1950 and 1990?

Ans. The License Raj refers to the regulatory system in India where businesses required government permission to operate, expand, or import goods. This system was intended to control the economy and protect domestic industries but often led to inefficiencies, corruption, and a lack of competitiveness. The License Raj stifled entrepreneurship and innovation, contributing to slower economic growth. It was only in the 1990s, with economic liberalization, that many of these restrictions were eased.

4. What were the economic challenges faced by India from 1950 to 1990?

Ans. India faced several economic challenges during this period, including poverty, unemployment, inflation, and a growing population. The focus on heavy industries led to neglect of the agricultural sector, resulting in rural distress. Additionally, the inefficiencies of the public sector, coupled with the constraints of the License Raj, hampered economic growth. The balance of payments crisis in the early 1990s highlighted the need for significant economic reforms.

5. How did the economic policies of the 1980s pave the way for liberalization in the 1990s?

Ans. The economic policies of the 1980s, particularly under Prime Minister Rajiv Gandhi, aimed at modernizing the Indian economy by promoting technology and reducing some restrictions on private enterprises. This period saw gradual deregulation and attempts to open up the economy, leading to increased foreign investment. The economic challenges faced towards the end of the decade, including a balance of payments crisis, prompted the government to implement comprehensive liberalization measures in the early 1990s, fundamentally transforming the Indian economy.

About this Document

4.84/5 Rating

Sep 03, 2025 Last updated

Related Exams

Commerce CUET Humanities/Arts CA Foundation Grade 12 CUET Commerce CUET Humanities

Document Description: Mind Map: Indian Economy 1950-1990 for Commerce 2025 is part of Economics Class 12 preparation. The notes and questions for Mind Map: Indian Economy 1950-1990 have been prepared according to the Commerce exam syllabus. Information about Mind Map: Indian Economy 1950-1990 covers topics like and Mind Map: Indian Economy 1950-1990 Example, for Commerce 2025 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Mind Map: Indian Economy 1950-1990.

Introduction of Mind Map: Indian Economy 1950-1990 in English is available as part of our Economics Class 12 for Commerce & Mind Map: Indian Economy 1950-1990 in Hindi for Economics Class 12 course. Download more important topics related with notes, lectures and mock test series for Commerce Exam by signing up for free. Commerce: Mind Map: Indian Economy 1950-1990 | Economics Class 12 - Commerce

Description

Full syllabus notes, lecture & questions for Mind Map: Indian Economy 1950-1990 | Economics Class 12 - Commerce - Commerce | Plus excerises question with solution to help you revise complete syllabus for Economics Class 12 | Best notes, free PDF download

Information about Mind Map: Indian Economy 1950-1990

In this doc you can find the meaning of Mind Map: Indian Economy 1950-1990 defined & explained in the simplest way possible. Besides explaining types of Mind Map: Indian Economy 1950-1990 theory, EduRev gives you an ample number of questions to practice Mind Map: Indian Economy 1950-1990 tests, examples and also practice Commerce tests

	Economics Class 12 64 videos\|365 docs\|57 tests

Economics Class 12

64 videos|365 docs|57 tests

Join Course for Free

Download as PDF

Explore Courses for Commerce exam

ppt

Previous Year Questions with Solutions

pdf

practice quizzes

mock tests for examination

Exam

study material

Mind Map: Indian Economy 1950-1990 | Economics Class 12 - Commerce

Viva Questions

past year papers

Sample Paper

Free

Important questions

Objective type Questions

Semester Notes

Summary

Extra Questions

Mind Map: Indian Economy 1950-1990 | Economics Class 12 - Commerce

MCQs

shortcuts and tricks

video lectures

;

Additional Information about Mind Map: Indian Economy 1950-1990 for Commerce Preparation

Mind Map: Indian Economy 1950-1990 Free PDF Download

The Mind Map: Indian Economy 1950-1990 is an invaluable resource that delves deep into the core of the Commerce exam. These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective. With the help of these notes, you can grasp complex subjects quickly, revise important points easily, and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner, allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material, or toppers' notes, this PDF has got you covered. Download the Mind Map: Indian Economy 1950-1990 now and kickstart your journey towards success in the Commerce exam.

Importance of Mind Map: Indian Economy 1950-1990

The importance of Mind Map: Indian Economy 1950-1990 cannot be overstated, especially for Commerce aspirants. This document holds the key to success in the Commerce exam. It offers a detailed understanding of the concept, providing invaluable insights into the topic. By knowing the concepts well in advance, students can plan their preparation effectively. Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.

Mind Map: Indian Economy 1950-1990 Notes

Mind Map: Indian Economy 1950-1990 Notes offer in-depth insights into the specific topic to help you master it with ease. This comprehensive document covers all aspects related to Mind Map: Indian Economy 1950-1990. It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation. Practice papers and question papers enable you to assess your progress effectively. Additionally, the paper analysis provides valuable tips for tackling the exam strategically. Access to Toppers' notes gives you an edge in understanding complex concepts. Whether you're a beginner or aiming for advanced proficiency, Mind Map: Indian Economy 1950-1990 Notes on EduRev are your ultimate resource for success.

Mind Map: Indian Economy 1950-1990 Commerce Questions

The "Mind Map: Indian Economy 1950-1990 Commerce Questions" guide is a valuable resource for all aspiring students preparing for the Commerce exam. It focuses on providing a wide range of practice questions to help students gauge their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation. The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level. Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.

Study Mind Map: Indian Economy 1950-1990 on the App

Students of Commerce can study Mind Map: Indian Economy 1950-1990 alongwith tests & analysis from the EduRev app, which will help them while preparing for their exam. Apart from the Mind Map: Indian Economy 1950-1990, students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc. The EduRev App will make your learning easier as you can access it from anywhere you want. The content of Mind Map: Indian Economy 1950-1990 is prepared as per the latest Commerce syllabus.

Education Revolution