Grooming Education Academy's video: Indian Economy 1950-1990 Complete Chapter in Single Video Indian Economics Chapter 2 Class 12

In this Video We Will Discuss Indian Economy Chapter 2 (Indian Economy 1950-1990) all chapters, problems, Examples for Class 11, Class 12, UPSC, wbcs, ssc cgl, Delhi police, ssc, ntpc exam, ssc je, rrb ntpc, bcom, bcom hons 2nd year, bba, and Other competitive exams. Video by Chandan Poddar Sir at Grooming Education Academy To Buy Our Indian Economy Courses: 𝐂𝐥𝐚𝐬𝐬 𝟏𝟐 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜𝐬 𝐂𝐨𝐮𝐫𝐬𝐞 https://www.escholars.in/s/store/courses/description/Economics--Class-12-Copy 𝐂𝐥𝐚𝐬𝐬 𝟏𝟐 𝐂𝐨𝐦𝐛𝐨 𝐏𝐚𝐜𝐤 https://www.escholars.in/s/store/courses/description/Combo-Pack--Class-12 𝐅𝐫𝐞𝐞 𝐄𝐁𝐨𝐨𝐤 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚𝐧 𝐄𝐜𝐨𝐧𝐨𝐦𝐲 https://www.escholars.in/s/store/courses/description/Indian-Economics-Book-and-Revision-Notes--Class-12 Other Courses: www.escholars.in or Call at 888 888 0402 Watch Next: ◍ Indian Economy Chapter-wise Playlist https://www.youtube.com/playlist?list=PLLgJVrtHe9RqWTfptDDFQl3cLbzqiw1_y ◍ Class 12 Economics https://www.youtube.com/playlist?list=PLLgJVrtHe9RoCAO5g1StWjMdce3QsyL2q ◍ Class 12 Macroeconomics https://www.youtube.com/playlist?list=PLLgJVrtHe9Rpg7d3HOoWf_8kiI-Mth--K Topic Covered: ◉ Introduction to Indian Economy 1950-1990 ◉ What is the economic system? ◉ Types of economic system ◉ The economic system adopted by the leader ◉ The planning commission and objectives of five-year plans ◉ Goals of Five Years Plans ◉ Land reforms and Land ceiling ◉ Agricultural subsidies ◉ Impact of five year plans on Industry ◉ Industrial policy resolution 1956 ◉ Small scale industries Land reforms and Land ceiling ◉ Impact of the five-year plan on foreign trade ◉ Effects of policies on industrial development ◉ Criticism and problems Topics covered:- 00:00 Introduction 04:43 Economic system 14:29 Types of Economic system 20:05 Economic system adopted by the leader 24:46 Role of the planning commission 28:10 Goals of the five-year plan 47:02 Impacts of five years plan on Agriculture sector 01:10:05 Impacts of five years plan on our industry 01:36:28 Impacts of five years plan on Trades 01:44:17 Effects of policies on industrial development 01:48:48 Criticism and Problems Economic Planning It is a process under which a central authority defines a set of targets to be achieved within a specified period of time. Capitalism It is an economic system in which major economic decisions like What goods and services are to be produced. How goods and services are to be distributed are left to the free play of the market forces or the forces of supply and demand. Socialism It is an economic system in which major economic decisions are taken by the government, keeping in view the collective interest of the society as a whole. Mixed Economy It is an economic system in which major economic decisions are taken by the Central Government authority as well as are left to the free play of the market forces. Goals of Five Year Plans A plan should have some clearly specified goals. The goals of five year plans are 1.Growth Economic growth implies a consistent increase in GDP or a consistent increase in the level of output or a consistent increase in the flow of goods and services in the economy over a long period of time. 2.Modernisation To increase the production of goods and services to producers with the adoption of new technology. 3.Self-reliance It means avoiding imports of those goods which could be produced in India itself. This policy was considered a necessity in order to reduce our dependence on Foreign countries, especially for food. 4.Equity It implies equitable distribution of income so that the ^benefits of growth are shared by all sections of the society. Agriculture It refers to all those activities which are related to the cultivation of land for the production of crops; food crops and non-food crops. (i) Importance of Agriculture in the Indian Economy a)Contribution to GDP b)Supply of wage goods c)Employment d)Industrial raw material Grooming education academy is engaged in providing qualitative commerce education to society at concessional prices. We believe in Research, reasoning and result and thus our learners admit our USP of: "Pioneer in developing concepts". We provide the complete tutorials for all commerce courses including CA, CS, CMA, BCom, BBA, Mcom, MBA, M.com, Class 12, Class 11 and other commerce courses. To know about the courses and books that best suits your requirement call at our helpline number: 𝟖𝟖𝟖 𝟖𝟖𝟖 𝟎𝟒𝟎𝟐 𝐕𝐢𝐬𝐢𝐭 𝐎𝐮𝐫 𝐖𝐞𝐛𝐬𝐢𝐭𝐞 to know more about the courses available: https://www.escholars.in/ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐀𝐩𝐩 for getting latest updates regarding new courses and Video Updates: http://tiny.cc/w02t7y (Available on Google Play Store and App Store as Well) 𝐉𝐨𝐢𝐧 𝐨𝐮𝐫 𝐭𝐞𝐥𝐞𝐠𝐫𝐚𝐦 𝐜𝐡𝐚𝐧𝐧𝐞𝐥 𝐟𝐨𝐫 𝐝𝐚𝐢𝐥𝐲 𝐮𝐩𝐝𝐚𝐭𝐞𝐬:::: https://t.me/geacp 𝐅𝐚𝐜𝐞𝐛𝐨𝐨𝐤 𝐏𝐚𝐠𝐞: https://www.facebook.com/GroomingEducationAcademy/ 𝐈𝐧𝐬𝐭𝐚𝐠𝐫𝐚𝐦 𝐏𝐚𝐠𝐞: https://www.instagram.com/groomingeducationacademy/ 𝐏𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐏𝐚𝐠𝐞: https://in.pinterest.com/groomingeducation/