This course will provide the summary of class 11th Economics NCERT and the title of the book is Indian Economic Development. The book has 10 Chapters each dealing with India and the transformation of various sectors such as agricultural, industrial, foreign trade, infrastructure etc. Following are the lessons covered in this course. 1) Indian Economy on the eve of independence 2)Indian Economy (1950-1990) 3) Liberalisation, Privatisation and Globalisation 4) Poverty 5) Human - Capita formation 6) Rural Development 7) Employment 8) Infrastructure 9) Environment - A Sustainable Development 10) Comparative Development Experiences of INDIA and its Neighbours.

lesson 1-

The economy of a country includes all production, distribution or economic activities that relate with people and determines the standard of living. On the eve of independence Indian economy was in a very bad shape due to the presence of British colonial rule.
The Britishers generally framed policies that favored England. The only purpose of Britishers was to unjustly enrich themselves at the cost of Indiaâ??s economic development. Thus, in 1947, when the British transferred power back to India, we inherited a crippled economy.

 Indiaâ??s National and Per Capital Income Under Colonial Rule There were no efforts from the part of the colonial government to measure the national and per capita income of India. Some individual attempts were made to measure such incomes but produced conflicting and inconsistent results. The contribution of VKRV Rao and Dadabhai Naoroji are considered very significant in this context.