What is Modernisation?

It means

Adoption of New Technology to Increase Output

Example

Industry can increase its Output by Using Modern Machinery

Agriculture can increase its Output by using High Quality Seeds ,Fertilizers,Pesticides etc.

Modernization - Goal of 5 Year Plans - Teachoo.JPG

Does Modernization only mean Use of New Technology?

No

It also means change in social outlook

Example

Earlier Women were not allowed to work

Now, they can go out and work in different sectors

Different types of Modernisation - Teachoo.JPG

What is the Benefit of Modernization

Advantage and Disadvantages of Modernization - Teachoo.JPG

 

NCERT Questions

Q9

Does modernisation as a planning objective create contradiction in the light of employment generation?

Explain.

View Answer

MCQ Other Books

Q1

In the following questions, select the correct answers:

1 Modernisation includes:

A Increasing the GDP of a country

B Adoption of new technology

C Removing labour work force

D Change in social outlook

View Answer

 

  1. Class 12 NCERT
  2. Indian Economic Development

Transcript

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)

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.