Planning in India | Indian Economy for UPSC CSE PDF Download

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• Decentralization and participation at the grassroots level would go a long way in securing efficient implementation of the programs and policies

• High Priority needs to be given to an integrated and nationally extended comprehensive program for human resource development.

• The first two plans did not emphasize self-reliance explicitly.

• Moreover, the achievements of planning in Russia, Japan, Italy, Sweden, Germany, etc., have been very impressive justifying the need of economic planning for the economic development of countries.

• In simple words, planning means the achievement of certain economic targets in different sectors of the economy within a specified period with a view to making the best possible use of the limited available resources.

• The third plan did it by stressing that the nation would endeavor to become self-reliant over a decade or so.

• lesser dependence on foreign aid

• large import substitution in many critical products such as steel, machinery, and other capital equipments, fertilizers etc.;

• the country is self-sufficient in food not just because of a sudden increase in foodgrain production but because it has built a large amounts of buffer stocks to be able to tide over drought years

• Elimination of poverty is directly proportional to the removal of unemployment.

• In fact, inequalities in India have their roots in the ownership pattern of agricultural land and the concentration of economic power in the industrial sector.

• To mitigate these inequalities, the government's measures like land reforms and the Monopolies and Restrictive Trade Practice (MRTP) Act have been found to be ineffective.  Also, the tax structure of India is regressive and has encouraged further concentration of economic power.

• not only economic concentration but also failed to curb inflation.

• Removal of Poverty

• Reduction in Income Inequalities

• Removal of Unemployment

• Self Reliance

• Economic Growth

• The main long-term objectives of the planning in India are:

• This adversely affected the poor, whose standard of living continued to be as wretched as it was at the time of independence.