The Indian Economy Essay Example | Topics and Well Written Essays - 2000 words

The Indian Economy - Essay Example India was confronted with the worst possible food disasters in 1943 during the British rule. Food production was given a low priority by the British as a consequence of the hysteria which developed during the World War II. The existence of acute food shortage continued even after the British left India. Thus food security became on the issues of paramount importance on India’s agenda. This led to the Green Revolution and the emergence of various other legislative measures for ensuring that the Indian businessmen would never again hoard food for making profits (Teacher web, â€Å"Why Green Revolution?†). The period between 1967 and 1978 has been referred to as the period of Green Revolution. This primary aim was the achievement of food self sufficiency. It was a period of successful agricultural experiments in India. Thesis Statement India had famously been known as an agro-based economy which caters to the agricultural needs not only of its own nationals but of foreign nations as well. The climate and other ecological factors in India had been conducive for a variety of agricultural production even though a vulnerable one. During the post independence era, India decided to put a greater emphasis upon its agricultural segment where it had already enjoyed an edge. The sector performed in a commendable way during the first five-year plan phase but gave up to climatic irregularities 1950 onwards. The nation at that time had been in a pitiable state lacking ample food reserves as well as resources to import an abundant supply of the same. Hence, there had been little options left for the national government but to figure a permanent way-out of the same. It decided to modify the agricultural state of the nation through technological enhancements which could sustain not only the nation’s large population base but could also produce enough surpluses for export supplies. This led to a movement called Green Revolution which was characterised by sowin g of high yielding variety