Chapter

Economic Change In India

Tirthankar Roy

in The Economic History of India, 1857-1947

Third edition

Published in print December 2011 | ISBN: 9780198074175
Published online January 2013 | e-ISBN: 9780199082148 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198074175.003.0012
Economic Change In India

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British colonial rule in South Asia ended in 1947, resulting in the formation of several independent nation-states such as India, Pakistan, and Ceylon (Sri Lanka). The map of the region was redrawn in 1971 as a new country, Bangladesh, was born. India, meanwhile, suffered a traumatic Partition. Less messy was the incorporation of the princely states into the larger unions. When the immediate economic and human crises subsided, the new governments began to design strategies of economic development. Post-colonial India may be divided into three time segments: Phase I covers the years 1950–1964 and ends with Jawaharlal Nehru's death, Phase II covers 1965–1985 which includes the worst famine of post-colonial India and a war with Pakistan, and Phase III covers the period from 1986 to 2010. This article explores the economic change in India between 1950 and 2010, focusing on industry and agriculture.

Keywords: economic change; India; South Asia; Bangladesh; Pakistan; Sri Lanka; economic development; industry; agriculture; Jawaharlal Nehru

Chapter.  18740 words. 

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