With this post I will try to give you all a brief insight about the scenarion on the eve of independence to the further developments that took lpace in subsequent years.
Going back to 1947 we were lagging in a lot of sectors, our growth was neglegible, infrastructure was not good except Railways and Postal network which were developed by The imperial government for their good. Apart from all this facade decaying life expectancy and exponentially growing infant mortality combined with increasing poverty were really big challenges that to be faced by the our new born democracy.
With the bag full of problems our constitution makers chose the Economic model which was not that socialist and also not fully capitalist, we opted for "Mixed Economy" which was a idealogically taken as a model in which the several major undertaking like education, healthcare, railway etc, were to be taken care by the government and remaining by the capitalist.
Adhereing to this model we further started planning on the model on which USSR worked in other words the reign of Five year plans started.
Firstly, we ideated our notion of plan based on four pillars which were GROWTH, MODERNISATION, SELF RELIANCE and EQUITY.
First pillar is Growth, it is important as it is the indicator of improvement in country's economy and directly reflects in GDP. With higher growth we mean increased production of goods and services, enhanced quality, achieveing new goals like better life standards for the people, improved health care etc.
Second pillar is Modernisation, growth can be acheived by regularly updating ourself with the new advancement in technology, new inventions etc. will lead to improvement in our production chain. Independently it also inculcates that gender equality, social equality etc. Men and women should get equal treatment and opportuniites.
Next two pillars and more advancements in next post :)
UPSC
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