Chapter 3 · Part 1

Evolution of the Indian Economy

Colonial legacy, mixed economy & the road to 1991.

Concepts

Formulae

6 min

Read time

Intermediate

Learning objectives

1Explain the Colonial Legacy
2Explain the Development Debate
3Explain the Mixed Economy Choice
4Explain the Planning Era
5Explain the Crisis and Turn
6Explain toward a Market Orientation

Your learning path

Introduction

The Colonial Legacy

The Development Debate

The Mixed Economy Choice

The Planning Era

The Crisis and Turn

Toward a Market Orientation

Summary

Quiz

Revision

Follow the full path

Key terms

mixed economyheavy industryagricultureplanning erapublic sectorFive-Year Planscolonial legacyprime moving force"Hindu rate of growth"balance-of-payments crisisagriculture-versus-industry

Connected chapters

The Economy and National Incomeshares: mixed economy Planning in Indiashares: Five-Year Plans, "Hindu rate of growth"Economic Reformsshares: balance-of-payments crisis

6Concepts

0Formulae

6Minutes

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