Indian Economy Short Notes for SSC CGL,CHSL,SSC GD,RAIL,UPSC,PSC & many more

Brief Notes on Indian Economy ( Planning and Industries ) for SSC CGL,CHSL,RRB,MTS,SSC GD,UPSC,PSC & many more State or Central exams.

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Today a short notes on Indian Economy (Five years Planning and Industries ) has been given for the upcoming exams like SSC CGL,CHSL,RRB,UPSC,PSC and other central or state exams.Follow our notes and quiz on regular basis that will help you to enrich your Gk stock.The topic of the day is Five years Planning and Industries.So let's start-

Economic Planning in India

Five year plans : At a Glance

Plan	Tenure	Objective	Growth Rate (Average %)	Growth Rate ( Actual % )
First	1951-56	Development of Agriculture	2.1	3.6
Second	1956-61	Rapid Industrialization	4.5	4.27
Third	1961-66	Establishment of self-reliant and self-generating economy	5.6	2.84
Three Annual Plans	1966-69	-	-	-
Fourth	1969-74	Growth with stability and progress towards self-reliance	5.7	3.30
Fifth	1974-78	Removal pf poverty ( Garibi Hatao ) and attainment of self reliance	4.4	4.8
Rolling Plant	1978-80	-	-	-
Sixth	1980-85	Ensuring continuous decrease in poverty and employment	5.2	5.66
Seventh	1985-90	Rapid growth in food grains production,increased employment opportunities	5.0	6.01
Eighth	1992-97	Rapid Economic growth,high growth of agriculture and collect sector	5.6	6.5
Ninth	1997-02	Growth with social justice and social equality	6.5	5.4
Tenth	2002-07	Development of infrastructure,employment and energy resources	8.6	7.6
Eleventh	2007-12	With raod economic development increase in per capita income and growth	9.0	-

Agriculture and Industry

Green Revolution :

• India Green Revolution is associated with the use of HYVS ( High Yielding Variety Seeds ), chameical fertilizers and new technology which led to a sharp rise in agricultural production during the middle of 1960.
• The credit of this goes not only to Nobel Laureate Dr. Norman Borlaug, but also to MS Swaminathan.

Other Revolutions

Revolution	Field
Yellow Revolution	Oil Seeds
White Revolution	Milk
Blue Revolution	Fish
Pink Revolution	Shrimp/Meat
Brown Revolution	Non-conventional energy resources
Grey Revolution	Wool
Golden Revolution	Horticulture

Important Industries of India : 

Iron and Steel Industry :

• 1st Steel Industry was established at Kulti , near Jharia, West Bengal as 'Bengal Iron Works Company' in 1870.
• 1st large scale steel plant- TISCO at Jamshedpur in 1907 followed by IISCO at Burnpur in 1919,both belonged to private sector.
• The first public sector unit was Vishveshvarayya Iron and Steel Works at Bhadrawati.

 Public Sector Steel Plants

Location	Assistance
Rourkela ( Orissa )	Germany
Bhilai ( MP )	Russian Govt
Durgapur ( WB )	British Govt
Bokaro ( Jharkhand )	Russian Govt
Burnpur ( WB )	Acquired from Private sector in 1976
Vishakhapatnam ( AP )	Russian Govt
Salem ( Tamil Nadu )	-
Vijai Nagar ( Karnataka )	-
Bhadrawati ( Karnataka )	Nationalization of Vishveshvarayya Iron & Steel Ltd (Owned by Central and State Govt )

Jute Industry :

● Its first modernized industrial unit was established at Reshra in West Bengal in 1855

● Teh jute industry in the country is traditionally export oriented.India ranks number one in raw jute and jute good production and number two in export of jute goods in the world.

Cotton and Textile Industry :

● Oldest industry im India and employs largest number of workers.

● The first Indian Modernized cotton cloth mill was established in 1818 at Fort Gloaster near Kolkata but this mill was not successful.The Second mill named 'Bombay Spinning and Weaving Co.' was established in 1854 at Bombay by KGN Daber.

Sugar Industry :

● Sugar Industry is the second largest industry after cotton textile industry among agriculture based industries in the country.

● India is now the largest producer and consumer of sugar in the world.Maharashtra contributes over one-third of the total sugar output,followed closely by UP.

Silk Industry :

● India is the second largest ( first being China) country in the world in producing natural silk.

     At present, India produces about 16 percent silk of the world.

Petroleum and Natural Gas :

● First Successful oil well was dug in India in 1889 at Digboi,Asom.

● For exploration purpose,Oil and Natural Gas Commission ( ONGC ) was established in 1956 at Dehradum,Uttarakhand.

Structure of Taxes 

Direcr Taxes :

● Include taxes on income and property,the important ones being personal income tax,corporate tax,estate duty and wealth tax.

Indirect Taxes :

● Include sales Tax, Excise Duties,Customs Duties etc.

● The Government of India earns maximum from Union Excise Duty.






Read more :

For History Notes Click here      →     =>  History

For Geography Notes Click here        →    => Geography

For Indian Polity Notes Click here →    =>  Indian Polity


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