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Labour Force and Indian Economy

Labour Force and Indian Economy

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Published by deepu0787

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Published by: deepu0787 on Oct 15, 2010
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01/29/2011

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Labour Force and IndianEconomy
ByDr. Shekharkrishna.shekhar@imsgzb.com9868729476
 
T
he Indian economy
T
he history of economy and its labour force inthe post-independence period can be dividedinto two phases:i.
T
he import substitution era postindependence (1947 to 1991), andii.
T
he era of economic liberalization (1991 -).
 
A
t the time of independence existing industrialbase was substantially diversified under thegovernments heavy industrialization strategy particularly form the mid 1950s to end of 1960s.
T
his period saw the public sector being accordedthe dominant role in the growth of the economy.
T
hen followed the governments policy of self-reliance and import substitution in the 1970 andearly 1980s.
In this period several east
A
sian and south east
A
sian countries pursued export-orientedindustrialization strategies.

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