India is all set to celebrate 75 years of independence on Monday (15 August 2022). Over the last seven decades, the Indian economy has seen several ups and downs. The country has gone from having a GDP of just Rs 2.7 lakh crore at the time of Independence to now sitting close to Rs 150 lakh crore. Once branded a “third world country”, India is now among the biggest economies of the world. India’s economic history has been marked by several critical milestones amongst which are the crisis years of 1966, 1981 and 1991, and India’s emergence from the economic crisis as the world’s fastest growing major economy.
Incorporation of Amul is one the key milestones of the Indian economy as it made the nation the world’s largest producer of milk and milk products. A few months before Independence on 19 December 1946, exploitation of marginal milk producers by traders and agents and exploitative trade practices followed by the local trade cartel in Anand Gujarat, led to farmers approaching Sardar Vallabhbhai Patel for a solution who advised them to get rid of middlemen and form their own co-operative, which would have procurement, processing and marketing under their control. Under the guidance of leaders like Sardar Patel, Morarji Desai and Tribhuvandas Patel, these farmers formed their own cooperative, the Kaira District Co-operative Milk Producers Union Ltd (KDCMPUL), now known as Amul.
India is all set to celebrate 75 years of independence on Monday (15 August 2022). Over the last seven decades, the Indian economy has seen several ups and downs. The country has gone from having a GDP of just Rs 2.7 lakh crore at the time of Independence to now sitting close to Rs 150 lakh crore. Once branded a “third world country”, India is now among the biggest economies of the world. India’s economic history has been marked by several critical milestones amongst which are the crisis years of 1966, 1981 and 1991, and India’s emergence from the economic crisis as the world’s fastest growing major economy.
Incorporation of Amul is one the key milestones of the Indian economy as it made the nation the world’s largest producer of milk and milk products. A few months before Independence on 19 December 1946, exploitation of marginal milk producers by traders and agents and exploitative trade practices followed by the local trade cartel in Anand Gujarat, led to farmers approaching Sardar Vallabhbhai Patel for a solution who advised them to get rid of middlemen and form their own co-operative, which would have procurement, processing and marketing under their control. Under the guidance of leaders like Sardar Patel, Morarji Desai and Tribhuvandas Patel, these farmers formed their own cooperative, the Kaira District Co-operative Milk Producers Union Ltd (KDCMPUL), now known as Amul.