Modernisation - Goal of 5 year Plans

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Modernization - Goal of 5 Year Plans It mean Adapting New Technology to Increase Output Example EARLIER (Old Technology) INDUSTRY  Industrial Work by Labor AGRICULTURE  Agriculture using Bullock Carts SERVICES  Accounting on Paper NOW (Modernisation) Industrial Work by Machines Agriculture Using Tractors Accounting on Computer Different types of Modernisation Modernisation of Technology Discarding Obsolete Technology Example Using Computer in place of Typewriter EARLIER NOW Typewriter Computer Modernization means not only use of New Technology but also Change in Social Outlook Modernisation of Social Outlook Discarding Old Social Beliefs Example Allowing Women to Work instead of getting them married early EARLIER NOW Women Married at Early Age Women Allowed to Work Advantage and Disadvantages of Modernization OLD TECHNOLOGY Industrial Work by Labor Disadvantage Less goods produced by Labour (Less Production Efficiency) Advantage More Labour Employed (Create Jobs) NEW TECHNOLOGY (MODERNISATION) Industrial Work by Machines Advantage More goods Produced by Machine (Increase in Production Efficiency) Disadvantage Less labour Required (Reduces Employment Opportunities)