Village Life Versus City Life

Topics: Agriculture, Agricultural economics, Economics Pages: 3 (1010 words) Published: August 26, 2012
India has ever remained and shall ever remain a country of the farmers. India lives in the villages; hence it is that the village uplift with the increase in agricultural production alone can solve India’s economic problems. Industrialization is the need of the times but in India the basic situation is that we cannot go on with industrialization at the cost of neglect of agriculture. Our agricultural development is the backbone of our economy. Statistically studied by such expert, committees and organizations as the National Income Committee and the Central Statistical Organization it has been found that agricultural contributed to around 57 per cent towards the national income. These studies were conducted as far back as in 1950-51. The First Five Year Plan (1951-56) placed before itself a two-fold objective — to check the economic disequilibrium caused by the World War II and the second was to begin the process of a balanced development which would ensure a rising national income. Even the Planning Commission set up by the Government of India in 1950 also envisaged among its objectives the most effective and balanced utilization of the country’s resources’. The First Five Year Plan accorded the highest priority to agriculture. Large Scale food grains had to be imported in 1951 to supplement the domestic production. Good harvests in the country improved the food production and the Planning Commission at the end of the First Five Year Plan observed that’ the increase in agricultural production had helped to end inflation, stabilize the economy and prepare the way for a higher rate of development during the Second Five Year Plan’. But in 1955, certain natural calamities like floods; drought and cyclone in some parts of the country like Rajasthan, Bihar, Orissa and Tamil Nadu created such a food shortage that India had to enter into an agreement with US known as the PL-480 agreement for the import of wheat and rice. This loan period lasted for about ten years...
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