Indian Economy at the Eve of Independence, Lecture notes of Economics

Download Indian Economy at the Eve of Independence and more Lecture notes Economics in PDF only on Docsity! UNIT I Development Policies and Experience Indian Economy on the eve of Independence Nehru Montessori School, Prof.Sourabh Tiwari Demographic Profile of India • Infant Mortality Rate 1947- 218/1000 2018 - 42/1000 • Life Expectancy (Lack of nutrition & medical) 1947- 32 Years 2018 – 66 years • Literacy Rate 16% overall 7% for women KEY: Bachpan aur Jawani me marne wala Unpadh INDIA Nehru Montessori School, Prof.Sourabh Tiwari Occupational Profile of India • Tertiary Industry (Service) : 18% Unbalanced Growth Sector wise: Secondary & tertiary poor growth State wise : Regional Variation Nehru Montessori School, Prof.Sourabh Tiwari Features of Economy in 1947 • Stagnant Economy (Slow) – Low or no growth – Low per capita income 0.50% – No Employment • Backward Economy – Per capita income 230 Rs. – Poverty stricken – No Employment – No food, shelter, Unemplyement Nehru Montessori School, Prof.Sourabh Tiwari Features of Economy in 1947 • Agricultural Backwardness – 70 % people depend over agriculture – Only contribute 50% to GDP – Low Productivity – Only for consumption Nehru Montessori School, Prof.Sourabh Tiwari