Indian Economic development-XII notes

Colorful Study Material for Indian Economic Development Class-12 CBSE

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ECONOMICS

CLASS - XII (2024-25)

Part B: Indian Economic Development

Unit 6: Development Experience (1947-90) and Economic Reforms since 1991:  28 Periods

A brief introduction of the state of the Indian economy on the eve of independence.  

Indian economic system and Common goals of Five-Year Plans.

Main features, problems and policies of agriculture (institutional aspects and new agricultural strategy, etc.), industry (IPR 1956; SSI- role & importance) and foreign trade.

Economic Reforms since 1991:

Features and appraisals of liberalisation, globalisation and privatisation (LPG policy); Concepts of demonetization and GST

Unit 7: Current challenges facing Indian Economy - 50 Periods

Human Capital Formation: How people become resource; Role of human capital in economic development; Growth of Education Sector in India

Rural development: Key issues - credit and marketing - the role of cooperatives; agricultural diversification; alternative farming - organic farming

Employment: Growth and changes in workforce participation rate in formal and informal sectors; problems and policies.

Sustainable Economic Development: Meaning, Effects of Economic Development on Resources and Environment, including global warming.

Unit 8: Development Experience of India:  - 12 Periods

A comparison with neighbours India and Pakistan

India and China

Issues: growth, population, sectoral development and other Human Development Indicators.