India On The Move

Indian on the MoveNameCourseUniversityTutorDateThe Indian sub-continent gained freedom from the British in 1947 The British had l forethought the foundation of the Indian sparing and tie the state . Their rule however , did not empower the Indians . The Indians , galvanized by Gandhi managed to wrestle power from the colonialists . On gaining license , the coarse make for on the `Gwadeshi philosophy of self-sufficiency . The sylvan industrialized on socialist policies modeled on the Soviet Union statement thrift The g e realwherenment closely regulated the sparing . It disgorge great emphasis on agriculture , world the major employer in the economy . 72 of population and 45 of the compute was in agriculture . While agricultural issuing grew everywhere the year , the GDP growth stagnated at infra 3 .5 (Vie tor Ric unverbalized and Thompson , Emily , 2006In the 1950s and 60s , the work out had an ever increasing budget deficits . The coarse could not secure either foreign aid or domestic funding . It currency was further degenerate . Its economy was as well as weakened by severe droughts and the oil crisis of 1974 . Indian economic woes continued all in all through the Eighties . It undergo Balance Of Payment problems plain as it continued with it protectionism . It bear its socialist policies and strengthened its ties Soviet Union . The Soviet was the main(prenominal) destination of Indian exports . It too gave India weapons system and financial supportOn the invasion of the nineties , Communism fell . The Soviet Union became balkanized . India had to release to the West for aid that had conditions . The Indian economy growth consecrate hitherto averaged at 3 .5 since independence . This was as a result of several challenges facing the acresAt independence , the country had very diverse citizenry with di! fference cultures and religions . It was hard to bring these people under one nation . The country remained advancedly polarized . The country engaged its neighbour , Pakistan in many wars over the Muslim state of Kashmir claimed by both look . The two countries entered an weapons race . It overly went to war with China in 1962 .

easterly Bengal also broke away to form advance(a) solar day Bangladesh . These wars presented a distraction from economic onward motion . They drained the country s resources and presented a problem of resettling Hindu refugees from KashmirThe country also had overlook economy that was largely ineffective . It persistent who was to produce , the pro duction rate and location . It favored of a few family job . The government also exercised strict protectionism . distant company investments were crest at 40 . The government also enforced punitive licensing on private firms expansion In a evoke to encourage homegrown innovations , it put high tariffs on merchandise producer goods . The economy was dominated by numerous uneconomical cottage industries . Its exports were low with little regard as addition . in that respect were strict price controls and a regulated currency . It also had a skewed appraise regime . The government also subsidized numerous non-performing parastatals . In the absence of competition , the reckoning developed huge inefficient bureaucracies (Vietor , Richard and Thompson Emily , 2006The sub-continent also experienced exponential population growth . The over 1...If you want to get a full essay, order it on our website: OrderEssay.net

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