Economic Policies of the Nehruvian Era
The economic policies of Jawaharlal Nehru included:
- Mixed Economy: Nehru supported a system in which the public sector, under government supervision, and the private sector would coexist.
- State Control: Nehru supported the idea of state supervision over the various economic sectors.
- Land Redistribution: To lessen the economic gap between the landed and landless groups, Nehru created laws about land redistribution.
- Industrialization of Import Substitution: Under state supervision, Nehru’s programs placed a strong emphasis on import substitution industrialization.
- Planning Process: Nehru created the public sector in industry and improved the planning process.
- Modern Agriculture: By destroying the feudal system, Nehru established the foundation for modern agriculture.
- Modern Scientific and Technological Base: Nehru laid the groundwork for a contemporary scientific and technological foundation.
Protectionism and micro-level government engagement in all enterprises, particularly in the labor and financial industries, were other aspects of Nehru’s policy.
What is Nehruvian Era? History, Impact on Economics
The Nehruvian era (1947-1964) marks Jawaharlal Nehru’s tenure as India’s first Prime Minister. It included the enactment of the Indian Constitution, the implementation of Five-Year Plans to promote a diverse economy, and a focus on secularism and education. Despite obstacles like the China crisis of 1962, Nehru’s non-aligned foreign policy was important on a global scale. India’s democratic and socioeconomic progress was made possible during this period.
In this article, we will look into the history, features, economic policies, impact, social initiatives, challenges, and criticisms of the Nehruvian Era.
Table of Content
- What is the Nehruvian Era?
- History of the Nehruvian Era
- Main Features of the Nehruvian Era
- Impact of Nehru on Indian Politics
- Economic Policies of the Nehruvian Era
- Social Initiatives of Jawaharlal Nehru
- Jawaharlal Nehru’s Foreign Policy and Non-Aligned Movement
- Challenges of the Nehruvian Era
- Criticism of the Nehruvian Era
- Conclusion – Nehruvian Era
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