Practicing Success
Practicing Success
CUET Preparation Today
| For Indian nationalists the issue of economic exploitation under colonial rule was a central issue. Images of pre-colonial fabled riches of India contrasted with the poverty of British India. The Swadeshi movement strengthened the loyalty to the national economy. Modern ideas made people realise that poverty was preventable. Indian nationalists saw rapid industrialisation of the economy as the path towards both growth and social equity. Development of heavy and machine-making industries, expansion of the public sector and holding of a large cooperative sector were considered very important. |
| How did Independent India Imagine industrialization? |
A completely privatized industrial sector ran by the laws of market. A socialist society where the state controls industries. Deindustrialization of society to reach a precolonial past. A collaboration of public, private and cooperative sectors. |
| A collaboration of public, private and cooperative sectors. |
| Development of heavy and machine-making industries, expansion of the public sector and holding of a large cooperative sector were considered very important. Nehruvian policy suggested that central areas such as defence and some other sectors will be controlled by the state mean while other sectors had both state and private companies and industries. |
