Economic development in postindependence India from "summary" of The Discovery of India by Jawaharlal Nehru
In the early years of independence, India faced numerous challenges on the economic front. The country had been ravaged by years of colonial exploitation, leaving it with a weak industrial base and widespread poverty. The task of rebuilding the economy fell to the new Indian government, led by a group of idealistic leaders who were determined to chart a new course for the nation. One of the key priorities for the government was to kickstart industrial development in the country. This was seen as essential for creating jobs, increasing productivity, and raising the standard of living for the population. A series of Five-Year Plans were launched to promote industrial growth, with an emphasis on heavy industries such as steel, coal, and power generation. These plans laid the foundation for the industrial powerhouse that India would eventually become. At the same time, the government also recognized the importance of agriculture in the Indian economy. The majority of the population was engaged in farming, and it was essential to modernize the sector in order to increase productivity and reduce poverty. Land reforms were introduced to redistribute land to the landless poor, whi...
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