Professional Documents
Culture Documents
G.D. BIRLA
JRD TATA
JAMNALAL BAJAJ
9/15/2021 DIAS/BBA/SEM V/ED/Emergence of 10
Entrepreneurial Class in Modern India
Post-Independence (1947-2017)
• India’s economic development strategy after independence based on
Mahalanobis model, giving preference to mining, agriculture, and
investment goods sector.
• Pt. Nehru wanted to develop the Indian economy on the lines of
Soviet Union's socialist structure. He favoured that the state should
control every aspect of the economy.
• In 1956, the Industrial policy was released.
• Between 1960 to 1980, the country’s economy reeled under the
“licence raj” and a corrupt bureaucratic system.