Concepts and components of balance of trade and balance of payments

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Concepts and components of balance of trade and balance of payments (balance of trade is not included it will be add soon)





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Importance of agriculture

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Nature of Indian Agriculture:- The agriculture in India was totally backward at the time of independence. Due to the application of old age and traditional techniques applied in agriculture, the productive was very poor. A very negligible amount of fertilizer (0.66 lakhs in 1952-53) was also applied on agriculture. Due to low productivity, agriculture could mange only substance living to Indian farmers. There are certain factors which are responsible for this poor and backward condition of Indian agriculture. That are broadly discuss as follows:- 1)Feudal character of production:- At the time of independence, the land tenure system were mostly of zamindari mahalwari and ryotwari type. In this type of system most of the land portion of total area (i.e. about 57%) had in them. The landlord (like zamindars) becoming the ruling class in India. They exploiting the agricultural workers and the tenants. 50% of the total cultivated land is in the category of under written or oral tenants. 2) D...
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