Development Experience and Economic Reforms Test - 2

The British developed the railways on the eve ofIndependence to improve the market size for the goods of the British. This wasmainly done for transporting cotton and other commodities from India in aneasily accessible way.

Plan Holiday is the gap of three years that was introduced in the Indian Economy after the failure of the Third Economic plan. 

The cloth industry during British India was concentrated at Ahmedabad, Gujarat, India. The textile industry of Ahmedabad, Gujarat, India has a history since the the 19th century, The Indian cloth industry was considered from the very ancient times as one of the finest industries of the world.

In May 2023, the Ministry of Railways announced that RVNL had been granted the prestigious Navratna status. 

India agreed to liberalize and open up the economy, reduce the role of the government in many areas, and remove trade restrictions between India and other countries, thereby indicating a shift towards less government intervention and more liberal economic policies.

The Constitution came into force on 26 January 1950. Subsequently, Planning Commission was set up on 15 March 1950 and the plan era started from 1 April 1951 with the launching of the First Five Year Plan (1951-56).

Among the Indian states that is said to have benefited most from the Green Revolution in India is the state of Punjab, where food-grains production increased from 5.37 million tonnes in 1965-66 to 32 million tonnes in 1995-96.

Small-scale industries are often characterized as labor-intensive, meaning they rely more on human labor than on large amounts of capital or advanced technology.

The Green Revolution was intended to mean that the path forward in food production is increasing production per hectare in the short-run, not the expansion of the area.

In India, the Green Revolution first began in the late 1960s. With its success, India achieved food satisfaction within a decade in the late 1970s.