Answer:
India's vast natural resources have enormous potential for economic development. After Independence India's concerted efforts for planned development of resources through Five Years Plans have led to overall development of the economy. For example, in the field of agriculture the green revolution techniques have led to increased agricultural productivity. Development of technology has also contributed to production of quality goods in industrial sector also. To meet the growing needs of the population and higher quality of life, resources are exploited and consumed on a larger scale. India has not only become self-sufficient but is also able to compete with other industrialised countries of the world. Thus resource development in India not only depends on the availability of resources but also on their development, the latest technology and organisations for resource development.
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