ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles By Uma Datta Roy Choudhury

Technological Change in the Indian Economy, 1950-1960

The introduction of modern production techniques, which require proportionately greater capital, was the main feature of the development of the Indian economy during the decade, 1950-60. However, this modern sector had not yet become large enough to affect the overall structure of the economy. Largescale manufacturing industry was the only sector of the economy to adopt advanced modern techniques to a marked extent so as to affect the capital structure of the sector as a whole. In other sectors, inspite of there being a rise in the incremental capital-output ratios, the overall capital-output structure remained largely unchanged.  The introduction of modern production techniques, which require proportionately greater capital, was the main feature of the development of the Indian economy during: the decade, 1950-60.