Economic Planning

Analyze the nature of Indian economic growth in the first three five year plans.

Introduction After gaining independence in 1947, India adopted a planned economic development strategy aimed at achieving self-reliance, reducing poverty, and promoting balanced growth. The government launched a series of Five Year Plans, inspired by the Soviet model, to guide resource allocation and economic priorities. The first three Five Year Plans (1951–66) were foundational in shaping […]

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What Are the Different Requirements in Development Planning?

What Are the Different Requirements in Development Planning? Development planning refers to a systematic process aimed at achieving socio-economic development by efficiently utilizing available resources. It involves identifying objectives, prioritizing goals, and implementing strategies to address issues such as poverty, inequality, infrastructure gaps, and environmental challenges. The success of development planning depends on meeting several

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