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Indian Economy (1947-1991) | Five-Year Plans | Parcham Classes Indian Economy (1947-1991): The Five-Year Plans 🇮🇳 After independence, India adopted Five-Year Plans (FYPs) to drive economic growth. Starting in 1951, these plans focused on agriculture, industry, and self-reliance. The First Plan prioritized food production, while the Second Plan pushed for industrialization. Over the years, policies like the Green Revolution, bank nationalization, and poverty alleviation programs shaped India's economic landscape. However, wars, inflation, and global crises led to challenges, forcing adaptations. By the 1990s, economic struggles led to the New Economic Policy (1991), introducing liberalization, privatization, and globalization (LPG). This marked a shift from a state-controlled economy to a market-driven approach. Watch this video to understand how India's economic journey unfolded! 📊💰 PDF Link: https://parchamclasses.in/product-cat... *********************** Latest Courses 👉 NCERT Batch 4: https://bulf.short.gy/TmVbHO 👉 NCERT Foundation Batch 3: https://bulf.short.gy/cH0K7O 👉 SSC General Awareness Course - Target 2025 - 26: https://bulf.short.gy/lmnLmM 👉 SSC General Awareness Batch 2: https://bulf.short.gy/oaLWTB 👉 SSC Static GK - Target 2025 - https://bulf.short.gy/oTpYFI 👉Current Affairs Complete Kit 2025: https://bulf.short.gy/wxRwIQ *********************** Current Affairs Subscriptions: 👉 CA Monthly e-Magazine Subscription 2025: https://bulf.short.gy/u3icQo 👉 Sawaal CA Objective e-Book Subscription 2025: https://bulf.short.gy/Qcoh1L 👉 RAFTAAR CA Headliner Subscription 2025: https://bulf.short.gy/8hNneR *********************** Important Playlists 👉 Economics Playlist: https://bulf.short.gy/WO5obS 👉 Polity Playlist: https://bulf.short.gy/YJ8vNu 👉 History Playlist: https://bulf.short.gy/osenqN 👉 2025 Daily CA Playlist: https://bulf.short.gy/6UttR0 👉 2025 Monthly CA: https://bulf.short.gy/ouCiiR 👉 2025 Weekly Current Affair: https://bulf.short.gy/VNx6wA 👉 2025 Weekly & Monthly Current Banking CA: https://bulf.short.gy/VNx6wA 👉 2024 Yearly CA: https://bulf.short.gy/G1F9Uq 👉 2024 6 Months Current: https://bulf.short.gy/ozEN5g *********************** Parcham App : 👉 For IOS & Android Students: Download the Parcham Application Enter your registered mobile number and OTP Click on verify. 👉 Web Login ( Access on laptop/desktop): Go to web.parchamclasses.in Scroll Down & Select Your OS Install the App Login With Your Phone no Enter the OTP Click on Verify 👉 Parcham Website: https://bulf.short.gy/Kqre2h *********************** Social Media Links 👉 Instagram:- https://www.instagram.com/parcham.cla... 👉 Facebook Page:- https://www.facebook.com/profile.php?... 👉 Telegram: https://t.me/PARCHAMCLASSES06 #parchamclasses #parcham #MSME #IndianEconomy #IndianEconomy #FiveYearPlans #UPSC #EconomicHistory #IndianEconomy #FiveYearPlans #EconomicGrowth #IndianHistory #UPSCPreparation #EconomyForUPSC #EconomicReforms #LPGReforms #BankNationalization #GreenRevolution