The Bombay Plan And Its Predecessor Attempts - 912 Words

2.2 The Bombay Plan and its Predecessor Attempts The Bombay Plan had the most important share in the establishment of an independent economic policy in the Post-colonial Period. India earned its independence from Great Britain in 1947 and starting with this date, it mainly focused on restoration of the economy via centralization. For centralization process, an economic model that was inspired by Soviet Union called â€Å"Five Year Plan† was developed and was accepted by the Indian the Government in 1952. (Lokanathan, 1945). Another part of the Five Year Plan was to intensify irrigation infrastructure such as watering systems for agricultural activities, which preserved the remarkable majority of Indian economy. Furthermore, in the context of this plan; scientific investigations, including space and nuclear programmes were additional fields that India paid attention similar to the Soviet Union. Nonetheless; economy of India did not correspond all these attempts immediately because of previous excessive investments in defense industry that aimed to enhance resistance to Colonial Rule. The main problems were inadequacy in generation of asset and qualified people along with required improved facilities. Due to these scarcities of sources; for 28 years (1951-1979) Indian economy yielded 3% annual average increase and this growth rate reflected as fixed low charges during all this period. Given the returns of the Five Year Plan; industrial and agricultural activities yielded 4.5%Show MoreRelatedIndias Five Years Plan6466 Words   |  26 PagesOrigin Five year plans were first introduced in the erstwhile Soviet Union in 1928 for controlled and rapid economic development. Much of the Soviet industrial successes are a result of the implementation of its five year plans. In 1950, India’s prime minister Jawaharlal Nehru, impressed by the Soviet system, adopted five year plans as a model for economic development, and established the Planning Commission which was to act independent of any cabinet and was answerable only to the Prime MinisterRead MoreWritten Sources13665 Words   |  55 Pageseffectively. While studying written sources, historians have also divided them into primary and secondary sources. If the primary sources refer to events or people from the period being studied, the secondary sources are works of historians and their predecessors who have written about the past counts. In brief, written sources encompass narratives and memoirs; official papers and newspaper; literature as historical materials records includ ing memos, minutes and official correspondence or records of bureaucracyRead MoreWritten Sources13656 Words   |  55 Pageseffectively. While studying written sources, historians have also divided them into primary and secondary sources. If the primary sources refer to events or people from the period being studied, the secondary sources are works of historians and their predecessors who have written about the past counts. In brief, written sources encompass narratives and memoirs; official papers and newspaper; literature as historical materials records including memos, minutes and official correspondence or records of bureaucracyRead MoreNuclearization in South Asia13618 Words   |  55 Pagesmilitants, a fresh surge of terrorist violence broke out with the assassination of moderate Sikh leader Sant Harchand Singh Longowal shortly after he signed a so-called peace accord with Prime Minister Rajiv Gandhi in July 1985. Gandhis mother and predecessor, Indira Gandhi, earlier fell v ictim to two Sikh assassins from her own security guard in October 1984. 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The â€Å"National Commission of Labour† observed the industrial worker of today has acquired a dignity not known to his predecessor. He is o Longer the unskilled coolie of the days gone by engaged in an unending Struggle to takeout his existence neglected by the Society except for his limited and with nverty limited aspirations. He has new personality of his own. Social thinkersRead MoreDOW CHEMICALS6171 Words   |  25 Pagespreviously issued bonds. Diageo communicated its decision to investors and rating agencies in the merger announcement by stating â€Å"The enlarged group s policy will be to manage actively the capital 3 For example, Diageo sold Dewar’s Scotch whiskey and Bombay Gin to Bacardi for 1.2 billion pounds in early 1998. Approximately 500 million pounds of the cash payment was paid out to shareholders under the B-share program that began in February 1998. The 320 million pounds remaining after taxes went to payRead MoreWill India Become a Superpower?11373 Words   |  46 Pagesan umbilical cord to it. The RSS in turn can opportunistically own or disown the trishul-waving goondas of the Vishwa Hindu Parishad and the Bajrang Dal. Back in 1968, the scholar-statesman C. Rajagopalachari observed that the Jana Sangh (the predecessor of today s BJP) was a party which has quite a few good leaders. Then he added: What is needed however is a broadmindedness that not just practices toleration but looks upon Mussalmans, Christians, Parsis and others as politically and culturallyRead MoreTata Teleservices Ltd Internship Report13209 Words   |  53 PagesInternet users base fast reaching near the English speaking population base. Local language and content required for further growth Infrastructure equipment cost is down to a fraction of what prevailed just a few years ago. Operators can plan better expansion plan now increased viability for the operators to expand to semi-urban and rural markets, hence, accelerate growth further it’s not without reason that India is tipped to be the world’s third-largest economy by 2050! No wonder if it happens muchRead MoreEmployee Absenteeism11600 Words   |  47 Page salso has in house facilities for hand embroidery. H.R. institute of higher education, Hassan 15 * 16. Employees Absenteeism 2.3. 1 COMPETITORS: The main competitors of GOGO International are Gokul Das Exports, Gokul Das Images, Shahi Exports, and Bombay Rayon etc. 2.3. 2 INFRASTRUCTURE: GO GO has invested heavily in infrastructure, not only for manufacturing of garments but also to streamline the entire production and marketing process. GO GO has made Hassan it’s hub for manufacturing facilities