NCERT Class 11 Economics Chapter 2: Indian Economy 1950-1990 | English

Dr. Manishika Jain in this lecture NCERT Class 11 Economics Chapter 2: Indian Economy 1950-1990 Aim of Planning? Initiate development to raise living standards Bring in new opportunities After 1947, build economic system for welfare for all Nehru – appealed to socialism (but not want to change the ownership pattern of land) India – Mixed Economy - Socialist nation with public sector & private property and democracy – reflected in Industrial Policy resolution of 1948 & Directive Principles of Constitution Types of Economic System Market economy or capitalism – not based on need but on purchasing power; if labour is cheap – go for labor-intensive industries – in this majority of the people are left behind Socialist economy – govt. decides what goods should be produced and distributed – need based economy – Cuba & China Mixed Economy – Govt. & market forces together answer – what to produce? How to produce? How to distribute? For details on IAS visit https://www.examrace.com/IAS/IAS-Flex... For competitive exam preparation visit https://www.doorsteptutor.com/Exams/ Chapters: 0:00 Introduction: NCERT Class 11 Economics Chapter 2: Indian Economy 1950-1990 1:18 Aim of Planning 3:53 Types of Economic System 5:01 Plan 6:39 PC Mahala Nobis 7:07 Nehru-Mahala Nobis Model of Growth 7:53 Planning Commission 8:20 Growth 8:57 Modernization 9:35 Self-Reliance 11:36 Agriculture 13:18 Land Reforms 16:22 Green Revolution 19:15 Disadvantages 19:26 Subsidy 21:03 Industry & Trade 22:03 Industrial Policy Resolution, 1956 25:39 Trade Policy 25:46 Tariff 25:47 Quotas 29:55 Defence is Still under State 30:35 Lessons Learnt #Concessions #Mechanization #Affluent #Ownership #Intermediaries #Economy #Socialism #Modernization #Equity #Produced #Manishika #Examrace Examrace is number 1 education portal for competitive and scholastic exam like UPSC, NET, SSC, Bank PO, IBPS, NEET, AIIMS, JEE and more. We provide free study material, exam & sample papers, information on deadlines, exam format etc. Our vision is to provide preparation resources to each and every student even in distant corders of the globe. Dr. Manishika Jain served as visiting professor at Gujarat University. Earlier she was serving in the Planning Department, City of Hillsboro, Hillsboro, Oregon, USA with focus on application of GIS for Downtown Development and Renewal. She completed her fellowship in Community-focused Urban Development from Colorado State University, Colorado, USA. For more information - https://www.examrace.com/About-Examra... #examrace #upsc #ugcnet