Question
Download Solution PDF'Modernisation’ as a goal of planning in context of the Indian economy was NOT aimed at:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is adopting a Western lifestyle.Key Points
- Modernization is the adoption of cutting-edge technology in the production sector and a shift in social values.
- Modernization, therefore, involves two main components:
- Adoption of new technology:
- It boosts efficiency and productivity.
- For instance, utilizing HYV (high-yielding variety) seeds and new agricultural tools instead of outdated ones can boost agricultural production.
- Similar to this, an industry can boost production by installing additional machines in its manufacturing facility.
- Changes in social attitudes also have a significant impact.
- For instance, acceptance of contraceptive methods aids in reducing population increase.
- Equal rights and pay for men and women will also promote the best possible use of women's talent.
Additional Information
- An economic plan allots a country's resources to accomplish the broad and detailed objectives that the government has set for it over a given time period.
- These plans are called as "five-year plans" in India since they are developed for a period of five years.
- In 1950, the Planning Commission was established with Jawaharlal Nehru as its chairman.
- It identified the kind of plan best suited for accelerating economic growth.
- The Prime Minister of India serves as the Planning Commission's chair.
- Functions:
- Evaluation of the material, financial, and human
- creation of a strategy to maximize their effectiveness and balance
- distribution of resources and the setting of priorities.
Last updated on Jun 25, 2025
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