2. GROUP MEMBERS
1.
Kimaya parjane
6.
Tejal Shah
2.
Sushma Rathod
7.
Aishwarya Pawar
3.
Shweta Phadtare
8.
Jill Thakkar
4.
Uma Sharma
9.
Shefali Dutt
5.
Megha Venugopal
10.
Ritika Singh

3. ECONOMIC DEVELOPMENT

Introduction

Objectives

Changes in:1)Demographic feature
2)Occupational structure
3)National income and per capita income

4. DEVELOPMENT OF
INFRASTRUCTURE.
•
•
•
•
MEANING
DEVELOPMENT EFFORTS
PAST AND PRESENT
RESEARCH

5. Financial Infrastructure
Indian
financial
system
Year
1900-1950
1950-1980
3.5
1980-2002
6.0
2002-2006
Indigenous
bankers
1.0
8.0
Capital
market
Money market
Unorganized
market
Percentage
average annual
GDP growth
Organized
market
Reserve
bank of India
Schedule
Commercial
bank
Co-operative
bank
Unscheduled
Introduction of modern technology
Backward area would progress a lot
Rise in National income would give rise to
GDP

6. IMPORT SUBSTITUTION.
•
•
•
•
MEANING
TRADE RESTRICTIONS
ADOPTED IMPORT SUBSTITUTION
TARIFF AND NON-TARIFF
BARRIERS
• POLICIES

7.  Industrial Development Regulation Act {IDRA} was passed in 1951 to
implement the Industrial Policy Resolution Act,1948.
 This act was implemented to all private sectors industries which were subject
to the strict state control through a system of licenses.
 LICENSE is a written permission from government of India to manufacture
specific articles in the schedule. All new unit will require a license.
1.For new
undertaking
OBJECTIVES
5.Change in
location
5 Types
of
licenses
4.Production
of new
articles
2.Substantia
l expansion
3.Carrying on
business(COB
)
OF
LICENSING
• Control industrial pollution.
• Employment generation.
• Ensure adequate supply of goods.
• Regulate foreign capital and
technology
• Encouraging small scale industries.
• Ensuring balanced regional
development
• Achieve desired pattern of dispersal
of industries
• Ensure proper use of technology and
scale economies

8. NATIONALISATION OF BANKS &OTHER SECTORS
•
After Independence the
Government of India
adopted planned economic
development for the India
•
.Accordingly, five year plans
came into existence since
1951.
•
Nationalization
Scheduled
banks
Commercial
banks
Foreign
bank(40)
Public sector
banks(27)
cooperatives
Regional rural
banks(196)
Urban
cooperatives(5
2)
Private sector
bank(30)
SBI
association
banks(8)
Old(22)
Other
nationalized
banks(19)
New(8)
State
cooperatives(1
6)
 LIST OF NATIONALIZED
BANK IN. 1969:central Bank Of India.
 Bank of Maharashtra
Dena Bank.
Punjab National Bank.
Bank of Baroda

9. Development of capital goods industries and research institutions



The Industrial Sector in India did not register consistent high growth.
Therefore the second and third year plans were given more importance.
Because it laid greater emphasis on development of capital goods industries.
Causes for slow growth
in the development of
capital goods industries
Inflation
Quantitative
restrictions
Inflexible
labour law
Lack of easy
access to
credit
Research in science & applied technology helped to sustain technological development in
India.
The government of India set up 48 national laboratories to undertake applied research in
chemistry, physics, electronics, botany, etc.
 And this research institutes developed a no. of new processes commercially exploited by
industries.

10. COMMERCIAL POLICY
.The independence era Indian
commercial policy from 1947 –
1980 was based on mixed
economy combining features of
capitalism and socialism resulting
in an inward looking
interventionist policy and import
substituting economy that failed
to take advantage of the post war
expansion of trade.
This contributed to wide spread
inefficiencies and corruption and
the failing of this system were
due largely to its poor
implementation.

11. ROLE OF PUBLIC SECTOR
As on
march 31
Number of
units
Total
investment
s(in cr.)
1951
5
29
1961
47
950
1980
179
18150
1990
244
99330
2001
242
274198
2007
247
421089
2008
214
763815
2009
213
793096
2010
217
(operating
217)
908842
Total 249

12. BACKWARD AREA DEVELOPMENT
DURING PRE REFORM PERIOD
1860-1900
GROWTH IN PER
CAPITA INCOME
1950-1960
MIXED ECONOMY
MODEL
BACKWARD
AREA
DEVELOPME
NT
1970
1980
PROBLEM OF
OIL SHOCKS
SOLUTION
OF OIL
SHOCKS