India’s first Prime Minister, Jawaharlal Nehru, Premier from 1947 to 1964, saw industrialization as the key to alleviating poverty. Industrialization not only promised self-sufficiency for his nation that had just regained political sovereignty, but also offered external economies accruing from technical progress. Believing the potential of agriculture and exports to be limited, Indian governments taxed agriculture by skewing the terms of trade against it and emphasizing import substitution, thus giving priority to heavy industry.
IT RESULTED IN ::------
1.Growth of national income
2.Alleviation of poverty
3.Reduction of income inequalities
IN BOTH THE COUNTRIES