UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 10 Issue 5
May-2023
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2305B34


Registration ID:
517448

Page Number

l236-l243

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Title

Economic Development of India before and after Independence - An Analysis

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Abstract

The task that the democratically elected leaders of newly independent India embarked on in the early 1950s was not for the faint of heart. It was to lift living standards of a people accounting for one-seventh of the world’s population who earned an average income that was one-fifteenth of the average American income of the time. Three-fourths of the Indian people were engaged in agriculture working with primitive tools and techniques, as either destitute landless laborers, highly insecure tenants-at-will, or small-plot holders eking out subsistence living from their meager plots. The literacy rate stood at 14 percent, and the average life expectancy was thirty-two years. How successful has the country been in fulfilling the task over s years later? The country has experienced an increase in per capita income—especially since the 1980s—as well as reductions in poverty and infant mortality rates. These improvements are not insignificant and mark a sharp break from the near stagnation that the country experienced during British rule. But a comparison with the later superior performance of China and South Korea, countries with a comparable level of development in the 1950s, reveals that India’s performance remains below its potential. How did that come about? This essay provides an account of India’s strategy of economic development, its achievements, shortfalls, and future challenges.

Key Words

Per capita income ,literacy rate , economic development

Cite This Article

"Economic Development of India before and after Independence - An Analysis", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 5, page no.l236-l243, May 2023, Available :http://www.jetir.org/papers/JETIR2305B34.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Economic Development of India before and after Independence - An Analysis", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 5, page no. ppl236-l243, May 2023, Available at : http://www.jetir.org/papers/JETIR2305B34.pdf

Publication Details

Published Paper ID: JETIR2305B34
Registration ID: 517448
Published In: Volume 10 | Issue 5 | Year May-2023
DOI (Digital Object Identifier):
Page No: l236-l243
Country: Lucknow, UTTAR PRADESH, India .
Area: Management
ISSN Number: 2349-5162
Publisher: IJ Publication


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