Page 204 - DECO502_INDIAN_ECONOMIC_POLICY_ENGLISH

Indian Economic Policy

Notes 16.4 Key–Words

1. Propensity : An inclination or natural tendency to behave in a particular way.
2. Industrialisation : Industrialization is a historical phase and experience. Industrialization is the
overall change in circumstances accompanying a society’s movement
population and resources from farm production to manufacturing production
and associated services.
16.5 Review Questions

1. Discuss the pre reform period in industrial sector.
2. What is meant by industrialization? Discuss the role of industrialization.
Answers: Self–Assessment

1. (i)(b) (ii)(a) (iii)(c) (iv)(c) (v)(c)
16.6 Further Readings

1. Indian Economy; Gaurav Datt and Aswani Mahajan; S. Chand and Company
LTD. Ram Nagar, New Delhi-110055.
2. The Indian Economy; S.K. Ray; Prentic, Hall of India Private Limited
New Delhi - 110001.

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