Foundations of Indian Development Policy (1947-1990)

How did a newly independent nation build its economy from scratch? Understanding the economic policies implemented between 1947 and 1990 is crucial for grasping modern economic challenges and development strategies. This text-based course guides you through the foundational phases of economic planning, agricultural transformations, and industrial regulations. You will gain a clear, structured understanding of the decisions that laid the groundwork for modern economic reforms. What you will learn: Understand the core goals of five-year plans, including equity, modernization, self-reliance, and growth; Analyze the impact of land reforms and the Green Revolution on agricultural productivity; Examine the Industrial Policy Resolution of 1956 and the evolving roles of the public and private sectors; Evaluate early trade strategies, focusing on import substitution and inward-looking policies; Connect historical economic frameworks to modern economic structures and subsequent reforms. The course begins with basic concepts of economic systems and planning before moving systematically through agriculture, industry, and foreign trade policies. Each section includes clear written explanations and self-assessment exercises to reinforce your learning. Designed for beginners, students of economics, and anyone curious about economic history, this course requires no prior background in economic theory. Start reading today to build a solid foundation in development policy.