The Indian Economy Essay Example | Topics and Well Written Essays - 2000 words

The Indian Economy - Essay ExampleIndia was confronted with the cudgel possible pabulum disasters in 1943 during the British rule. Food production was given a low antecedence by the British as a consequence of the hysteria which developed during the World War II. The foundation of acute food shortage continued even after the British left India. Thus food security became on the issues of paramount importance on Indias agenda. This led to the Green Revolution and the way out of various other legislative measures for ensuring that the Indian businessmen would never again hoard food for qualification profits (Teacher web, Why Green Revolution?). The period between 1967 and 1978 has been referred to as the period of Green Revolution. This capital aim was the achievement of food self sufficiency. It was a period of successful agricultural experiments in India. thesis Statement India had famously been kn receive as an agro-based economy which caters to the agricultural needs not onl y of its own nationals exactly of foreign nations as tumefy. The climate and other ecological factors in India had been conducive for a miscellany of agricultural production even though a vulnerable one. During the post independence era, India decided to assign a greater emphasis upon its agricultural segment where it had already enjoyed an edge. The sector performed in a laudable way during the first five-year plan phase besides gave up to climatic irregularities 1950 onwards. The nation at that time had been in a pitiable state lacking ample food reserves as well as resources to import an abundant supply of the same. Hence, there had been little options left for the national government but to figure a permanent way-out of the same. It decided to modify the agricultural state of the nation by means of technological enhancements which could sustain not only the nations large population base but could also produce enough surpluses for export supplies. This led to a movement c alled Green Revolution which was characterised by sowing of high yielding variety