ECONOMIC DEVELOPMENT OF INDIA.ppt

ECONOMIC DEVELOPMENT OF
INDIA
(SINCE 1947)

Prepared by:Vineet Kumar Singh
Roll. No – 2
Marketing I

INDIA 1947-1966
 In the early years of independence, India suffered food
shortage. The state launched a program constructing dams in
order to provide water reservoirs for irrigation projects.
 In 1953, rationing and price controls were abolished in large
parts of the country.
 In 1966, in aggregate current (2003) values, total exports
amounted to 11.5 billion Rupees, imports to 20.1 billion Rupees.
 The first Five Year Plan was implemented 1951-1956.
In 1958, India adopted the metric system.

INDIA 1966-1984
 India's rice production increased from 45.6 million metric tons
in 1966 to 87.5 million metric tons in 1984.
 Imports exceeded exports throughout the period from
1966 to 1984 with the exception of 1972.
 The Oil Crisis of 1973 hit India's economy hard, as the country
depended on oil imports.
 In 1977, Coca Cola was banned in India (readmitted in 1993).

INDIA 1984-1991
 Rice production increased from 87.5 million metric tons in
1984 to 110.5 million metric tons in 1991.
 Bangalore (Karnataka) developed into a computer software
development center.
 Rajiv Gandhi pursued the economic opening of India,
the technological modernization of which he strove for.