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  • Understanding Planning and Development

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    Manav Saurav
    24 vizualizări12 pagini
    Structural constraints for India's economic development in the 1950s included: 1) A fragmented and distorted economy inherited from colonial rule with lack of infrastructure and low efficiency. 2) Human resource development was neglected, along with low rates of saving and investment. 3) Weak sectoral linkages and regional imbalances also posed constraints. Broad categories of constraints included economic issues like the saving-investment gap and low productivity, as well as social issues like poverty, illiteracy, and unemployment. Early plans aimed to overcome economic constraints through trickle-down effects, while later plans also targeted social constraints. Reforms since the 1980s have further aimed to remove structural constraints to the economy.

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    Structural constraints for India's economic development in the 1950s included: 1) A fragmented and distorted economy inherited from colonial rule with lack of infrastructure and low efficiency. 2) Human resource development was neglected, along with low rates of saving and investment. 3) Weak sectoral linkages and regional imbalances also posed constraints. Broad categories of constraints included economic issues like the saving-investment gap and low productivity, as well as social issues like poverty, illiteracy, and unemployment. Early plans aimed to overcome economic constraints through trickle-down effects, while later plans also targeted social constraints. Reforms since the 1980s have further aimed to remove structural constraints to the economy.

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    Attribution Non-Commercial (BY-NC)
    Descărcați ca PPTX, PDF, TXT sau citiți online pe Scribd
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    24 vizualizări12 pagini

    Understanding Planning and Development

    Încărcat de

    Manav Saurav
    Structural constraints for India's economic development in the 1950s included: 1) A fragmented and distorted economy inherited from colonial rule with lack of infrastructure and low efficiency. 2) Human resource development was neglected, along with low rates of saving and investment. 3) Weak sectoral linkages and regional imbalances also posed constraints. Broad categories of constraints included economic issues like the saving-investment gap and low productivity, as well as social issues like poverty, illiteracy, and unemployment. Early plans aimed to overcome economic constraints through trickle-down effects, while later plans also targeted social constraints. Reforms since the 1980s have further aimed to remove structural constraints to the economy.

    Drepturi de autor:

    Attribution Non-Commercial (BY-NC)
    Descărcați ca PPTX, PDF, TXT sau citiți online pe Scribd
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    din 12

    STRUCTURAL CONSTRAINTS FOR ECONOMIC DEVELOPMENT IN INDIA AS ENVISAGED IN 1950S

    Presented by : Manav Saurav


    Nishant Maloo Roshan Shivan

    WHAT WE WILL COVER IN THIS SESSION

    General state of Indian Economy in 1950s.


    Structural Constraint for economic development in India. Steps Taken to deal with them.

    General state of Indian Economy post LPG


    Our Conclusion.

    METHODOLOGY ADOPTED

    Review of Literary works:

    Paper 1: Growth Performance of the Indian Economy, 1950-89: Problems of the Employment and Poverty

    by Dr. Y.K. Alagh

    Paper 1: Indian Economic Growth: Constraints and Prospects

    by Ranjit K. Sau

    Planning and development

    by Dr. Sukhamoy Chakarvarty

    STATE OF INDIAN ECONOMY IN 1950S


    GDP 3.6 Saving-Investment Gap/GDP -1.2 Contribution to GDP Agriculture 59.0 Industries 13.0 Services 28.0

    Poverty more than half the population Literacy 12.2 Employment Growth Around 2%

    STRUCTURAL CONSTRAINT AS STATED IN PROF. Y K ALAGH PAPER.


    Structural Constraints
    * India inherited fragmented and distorted economy from the colonial rule. * Lack of infrastructure and low efficiency. * Human resource development neglected. * Low rate of saving and investment. * Weakness in sectoral linkages. * The regional imbalance.

    STRUCTURAL CONSTRAINT AS STATED IN RANJIT K. SAU PAPER.

    Semi-feudalism

    Base of the home market for Indian industry was narrow.

    STRUCTURAL CONSTRAINT AS STATED BY SUKHMOY CHAKARBORTY

    Deficiency of Material Capital Limitations on the speed of capital accumulation.

    Agriculture subject to diminishing return.


    Inequality in Indian society.

    BROAD CATEGORIZATION OF STRUCTURAL CONSTRAINT

    Economic Constraint

    Saving -Investment gap Productivity and Efficiency in different sectors of the economy. Poverty Unemployment Illiteracy Skill

    Social Constraint

    DEALING WITH THE STRUCTURAL CONSTRAINT

    1st to 3rd Plan

    Aimed at overcoming economic constraint. Trickle down theory for development.

    4rth Plan to 7th Plan

    Aimed at overcoming Social constraint.

    8th Plan onwards

    Era of LPG reforms aimed at removing the structural constraint of Indian Economy. But these were aimed at removal of economic constraint.

    GENERAL STATE OF INDIAN ECONOMY POST LPG ERA


    GDP 8.7 Saving-Investment Gap/GDP -0.3 Contribution to GDP Agriculture 18 Industries 29 Services 53

    Poverty Literacy Employment Growth

    37.2(2004-05) 74%(2011 census) Around 2%

    CONCLUSION
    Structural Constraint for economic development are mainly socio-economic in nature and inter-related. Thus need for multi pronged approach. This require resources. Developing nations have resource constraints. Resource Optimization is the solution and this can be achieved through Planning.

    Planning is therefore the initial instrument to deal with structural constraint.

    THANK YOU
    Questions

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