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Kerala PSC Indian Economy Book Study Materials Page 67
Book's First Pagevol tion o the ndian onom 3.5 an obvious and logical choice of agriculture (we opinion regarding the agriculture sector. should not be happy to know that even today this After the 1990s emphasis on this sector is a highly debatable issue among experts): by an economy was no more considered a (i) Looking at the resources available, sign of backwardness. agriculture would have been the obvious (iii) The second World War has proved the choice as the prime moving force (PMF) supremacy of defence power. For defence of the economy (i.e., cultivable land a country needs not only the support and the humanpower). But as Indian of science and technology, but also an agriculture was using traditional tools industrial base. India also required a and technology its modernisation as well powerful defence base for herself as a as future mechanisation (later to some deterrent force. By opting for industries extent) would have been blocked due to as the prime moving force of the economy the lack of indigenous industrial support. India tried to solve many challenges If India would have gone for import this simultaneously—first, industry will would have required enough foreign give faster growth, second, agriculture reserves and a natural dependence on will be modernised in time and third foreign countries. By choosing industry the economy will be able to develop its as the prime moving force, India opted own defence against external threats . to industrialise the economy as well Since the economy had also opted for as modernise the traditional mode of scientific and technological preparedness, farming. its achievements were to sustain the pace (ii) The dominant ideology around the of modernisation. world as well as in the WB and the IMF (iv) Even before Independence, there was a was in favour of industrialisation as a socio-economic consensus among social means to faster growth, which could be scientists along with the nationalist translated into faster development. These leaders, that India needed a boost towards international bodies were supporting the social change as the country lagged member countries from every point of behind in the areas of modernisation. A view to industrialise. Same was the case break from the traditional and outmoded with the developed economies. It was way of life and cultivation of a scientific possible not only to industrialise faster outlook was a must for the country. Such on these supports of the organisations feelings also made the political leadership but there was a hope for emerging as of the time go in favour of wholehearted an industrial exporter in the future. The industrialisation. same kind of support was not offered to an economy that opted for agriculture as (v) By the time India got her independence the prime moving force. Basically, going the might of industrialisation was for the agriculture sector was considered already proven and there were no doubts a symbol of ‘backwardness’ at that time. regarding its efficacy. The political leadership wanted to carry Given above are some of the important reasons India ahead, and not in the backward that worked to make Indian political leadership direction. It was only in the 1990s that go in favour of industry as the economy’s prime the world and the WB/IMF changed its moving force. Probably, the resource related and