Do you think there is any contradiction between growth and self-reliance and growth and employment generation?
Download our app for free and get startedPlay store
Growth and Self-reliance: The goal of self-reliance is fulfilled by adopting the strategy of import substitution. Under this strategy whatever was imported earlier (during the British rule) would be produced within the country. If all the goods are produced in the country, in some goods comparative cost of production would be high. Therefore if the objective of self-reliance is pursued, the growth objective is sacrificed.
Growth and Employment: The conflict between growth and employment arises from choice of technology. Capital intensive technology promises more output but generates less employment. Labour intensive technology on the other hand generates more employment but produces less output.
art

Download our app
and get started for free

Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*

Similar Questions

  • 1
    Discuss the principal components of Industrial Policy Resolution, 1956.
    View Solution
  • 2
    Differentiate between Self Reliance and Self Sufficiency.
    View Solution
  • 3
    Why do small scale industries need protection by the government?
    View Solution
  • 4
    USA, in 1965 pressurised India to stop its war with Pakistan with a threat to stop the supply of foodgrains to India. This action highlights the importance of a specific objective which was pursued as a common goal of Five Year Plans. Identify and explain this objective.
    View Solution
  • 5
    Give three characteristics of SSIs.
    View Solution
  • 6
    What is Planning Commission? What are its functions?
    View Solution
  • 7
    What are different types of growth strategies?
    View Solution
  • 8
    While India had immensely benefitted from the Green Revolution, the technology involved was not free from risks. Can you mention one such risk on the basis of value or importance given to farmers?
    View Solution
  • 9
    Explain how tariffs and quotas protect the domestic industry?
    View Solution
  • 10
    Industrial sickness is a major area of concern for our country. Enumerate the various causes of industrial sickness.
    View Solution