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Published byMelanie Griffith Modified over 9 years ago
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Goals Independence saw the population grow rapidly and there wasn’t enough food to feed all the people Goals were to: 1. Increase the food production 2. Decrease dependence on foreign imports
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Industrial Growth Policy Change- Build and use factories to make once imported goods Following a period of industrial success the economy slowed With the help of foreign companies India increased its industrial output
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Outsourcing Impact India remains number one place for outsourcing ½ outsourcing labor industry Why? Over a billion people in country Highly educated, English speaking people Lower labor costs Advanced cellular and technological services widely available Economy continues to increase Outsourcing to India
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Progress in Agriculture- Slow Start ¾ of Indian population was rural subsistence farmers After independence- no impact on economy Poor soil and Inefficient farming methods Economy revolved around farmers selling extra food and buying manufactured goods
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Progress in Agriculture New irrigation systems were set up to account for unpredictable monsoon seasons Ensured steady water supply for an entire year Also ease flooding concerns
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Progress in Agriculture Land Distribution Small amount of people had most of the land Government used land reform laws to redistribute the land limit farm sizes
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Agricultural Progress Green Revolution-Changes in how to farm New seeds that make larger harvests Problem is that seeds are expensive In many areas people continue to struggle to feed themselves Green Revolution
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Economy Now One of the largest budding economies of the world Indian Economy
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Review Questions: -Write in your Writing Log- 1. What goals did the government have following independence? 2. What was the major economic problem following independence? 3. What was viewed as the foundation for a successful economy? 4. Name the 3 areas that were changed to fix the problem:
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