unit-11-indian-development-experience

Unit-11 Indian Development Experience

In this unit we will discuss the factors that contributed to the development process of India.

What was the logic behind the emphasis on heavy industries in India?

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Learning Pundits Content Team

Written on Apr 17, 2019 11:59:40 AM

The logic behind emphasis on heavy industries are: 

i) Individuals may not be in apposition to development these industries as these require huge investments,

ii) It will reduce concentration of wealth, and iii) it will increase growth rate of the economy in the long run as they supply the basic inputs to other industries.