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ECONOMIC TRENDS
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SECTION II―ECONOMIC PROSPECTS.
In the preceding chapters in this Volume are discussed the historical, structural and operational aspects of agriculture, industries, banking, trade and commerce, transport and miscellaneous occupations. An attempt is made in these chapters to describe the various aspects of the district economy in a factual manner. No attempt is made to evaluate the facts and provide guidelines for the course of future policy. It is proposed, in this section, to analyse the economic trends in production, distribution, economic planning, prices, wages, etc.
The national economy of India underwent numerous changes during the course of
the present century. The basic structure of the agrarian economy and the
industrial and commercial complex experienced evolutionary changes. The change has been accelerated by economic planning in the post-independence period. The First World War, the Great Depression, the Second World War, the post-war economic crisis, Independence and the Five-Year Plans were the most significant events shaping the Indian economy. These events made a deep impact on
the economy of this district as well. The economic trends at
the national level reflected themselves in the district. This is
attributable to the tact that the policies regarding production, capital, labour, marketing, supplies, transport, public
finance and banking, which are intended to regulate the economic forces in the country, are instrumental in soaping the
economic life in a district as well. The price and production mechanism does not allow the district economy to be isolated from the national economic forces. Hence, the economic trends in the district are bound to be in consonance with those of the nation.
However, the study of economic trends in a district is of great interest because of many reasons. In a developing economy geared up by live-year plans, the economic conditions experience accelerated growth. it is necessary to analyse the results of the planned utilisation of available resources which is supposed to bring about higher production and better standard of living. the standard of living of the community of people depends upon the optimum utilisation of the factors of production and total population.
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