Major Milestones That Shaped Indian Economy Post Independence


Bangalore: There is hardly anything left that has not been said about the vibrant culture of India. The country’s growth story is perhaps among the most favourite tale of economists. The economy of India is the ninth-largest in the world by nominal GDP and the third-largest by purchasing power parity. Though there have been many debates over the years, but among many ambivalent contradictions there are few feel good factors about the Indian economy too.

As the country approaches its one more year of independence, read on to know about India Inc’s journey of last 66 years, listed by Zeebiz.com

Planning in India

The journey of India as an emerging economic power is no doubt a truly inspiring story for all Indians. However, this growth strategy has been based on the part on planning through its five-year plans.

These plans are developed, executed and monitored by the Planning Commission of India. The eleventh plan completed its term in March 2012 and the twelfth plan is currently underway.

The government intends to reduce poverty by 10 per cent during the 12th Five-Year Plan.

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