Write a short note on Nehru’s views on economic policies.

Jawaharlal Nehru, India's first Prime Minister, had a profound impact on the country's economic policies. His vision was deeply influenced by socialist principles and aimed at transforming India into a modern, self-reliant, and industrialized nation. Nehru's economic policies were shaped by his belief in planned economic development, state-led industrialization, and social equity.

Planned Economic Development: Nehru was a strong proponent of economic planning as a means to achieve balanced and coordinated development. He established the Planning Commission in 1950, which formulated India's Five-Year Plans. These plans aimed to guide the country’s economic development, focusing on key sectors such as agriculture, industry, and infrastructure.

State-Led Industrialization: Nehru believed that the state should play a dominant role in driving industrial growth. He advocated for the creation of a strong public sector to lead the development of heavy industries, which were considered crucial for economic independence and modernization. Under his leadership, several key industries, such as steel, coal, and heavy machinery, were nationalized, and large public sector enterprises were established.

Agricultural and Rural Development: Recognizing the importance of agriculture in India’s economy, Nehru's policies also focused on agricultural development and rural upliftment. He supported land reforms to abolish feudal land ownership and promote equitable land distribution. Efforts were made to improve agricultural productivity through initiatives like irrigation projects and the introduction of modern farming techniques.

Social Equity and Welfare: Nehru's economic vision was not just about growth but also about ensuring social equity. He emphasized reducing income disparities and improving the living standards of the poor. His policies aimed at providing basic amenities such as education, healthcare, and housing to all citizens, thus laying the foundation for a welfare state.

In summary, Nehru’s economic policies were characterized by a commitment to planned development, state-led industrialization, and social equity. His vision set the direction for India’s economic strategy in the early decades after independence, aiming to build a self-reliant and socially just nation.