Revision Notes For Class 11 Economics Chapter 2 Indian Economy 1950 1990

Indian Economy 1950 – 1990 is a chapter that teaches the students about the Indian economic condition post independence on August 15th 1947. This chapter comprises various topics – introduction, what is a plan?, the goals of five year plans – growth, the service sector, modernisation, self – reliance, equity, agriculture – land reforms, the green revolution, industry and trade – industrial policy resolution 1956 (IPR 1956), trade policy : import substitution, effects of policies on industrial development, conclusion.

Students can also refer to :

NCERT Solution for Class 11 Economics Chapter 8 – Infrastructure NCERT Solution for Class 11 Economics Chapter 7 – Employment Growth, Informalisation and Other Issues

Frequently asked Questions on CBSE Class 11 Economics Notes Chapter 2: Indian Economy 1950-1990


What is the role of ‘Industrial development’?

Industrial development helps in the rapid growth of national and per capita income.


What does the ‘Trade policy’ mean?

Trade policy can be defined as goals, rules, standards, and regulations that are involved in the trade between countries.


What is the meaning of ‘Infrastructure’?

Infrastructure are the basic systems that undergird the structure of the economy. Examples of infrastructure include transportation facilities, telecommunications networks, and water supplies.


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