Indian Economy (1950-1990)

The Indian Economy (1950-1990) represents a transformative period in India’s economic history, characterized by significant shifts in policy, structure, and development strategies. Post-independence, the country adopted a mixed economy model, blending elements of socialism and capitalism to navigate its path toward growth. This era witnessed various key initiatives, including the Green Revolution, industrialization efforts, and the gradual liberalization of the economy. Understanding this period is crucial for grasping the foundations of modern India, as it lays the groundwork for the economic reforms that would emerge in the 1990s and beyond.