Timeline for Indian Economic Development.. Class XII CBSE

 

Concepts by Tavinder Sir (MBE, M.com, B.ed).

TIME LINE: Indian Economic Development

1757      Battle of Plassey

1850      Introduction of railways

1852      First postal stamp was launched

1854      First railway bridge was constructed in India

1869      Opening of Suez canal

1881      First official census

1907      Tata iron and steel company started

1921     Year of great divide first phase of demographic transition. 

1932      Private sector aviation launched by Tata & sons

1935      Reserve Bank of India

1948      First Industrial Policy Resolution

1948      GATT- General Agreement on Trade & Tariff

1950      Established planning commission

1950      Established World health organization

1951      First five year Plan started in India

           1951       Development and regulation Act

1953      First,five year plan started in China

1955      Karve committee on village & small scale industry

development

1956      Second Industrial Policy Resolution

1958      Great leap forward campaign-China

1965      Proletarian culture Revolution -China

1966      First phase of Green Revolution started

1966     Adopted High Yield Variety Programme

1969      India institutional credit approach(social banking &

multiagency approach)

1969      Monopolies and Restrictive Trade Policy Act

1969      Nationalization of commercial banks

1970      Beginning of white revolution

1970      Beginning of Atomic power generation

1973      Foreign Exchange Regulation Act

1974      Central pollution control board 

1982    National bank for Agriculture and Rural Development

1986      Environment protection Act

1988      National Forest policy

1991       New Economic Policy (July1991)

1991       New Industrial Policy

1992      Montreal Protocol

1995      World trade organization

1995      National social assistance programme

1998     Tapas Majumdar committee( expenditure in education)

1999      Foreign Exchange Management Act

1999     Swarnajayanti Gram Swarojgar yojana

2001     Removal of quantitative restriction on import —export

2004     National food for work programme

2005     National Rural Employment Guarantee Act

2012     Established SEZ (Special Economic Zone)

2014     Pradhan mantra Jan-Dhan Yojna

2014     Make in India

2015     NITI Aayog ( National Institute for Transforming India)

2016     Demonetization

2017     Goods & Service Tax (1 July 2017)

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