Professional Documents
Culture Documents
CONTENT
• Historical overview of IR
• Meaning & concept
• Definition
• Objectives
• Parties to IR
HISTORICAL OVERVIEW OF INDUSTRIAL
RELATIONS IN THE COUNTRY
• India was predominantly an agricultural economy till Independence in
1947.
• Even after Independence, the First Five-year Plan (1951—56) laid
emphasis on agriculture. With the Second Five-year Plan (1956—61) there
was a shift towards heavy industrialization.
• Over the years, the dependence of the performance of the industrial
sector on that of the agriculture sector has reduced.
• Its middle class has grown to over 250 million, a vast enough market,
even as over 220 million continue to live below the poverty line.