Advertisements
Advertisements
प्रश्न
Why did India opt for planning?
उत्तर
Soon after independence, India faced an important choice to opt either for capitalism or socialism. Finally, India, inspired by the extraordinary success of planning in Soviet Union, opted for socialism. Although, Indian political and economic conditions were not as favourable as it was for Soviet Unions to opt for socialism, yet India adopted socialism but with a difference. India hinged upon the socialist idea with a strong emphasis on public sector and active participation of the private sector in a democratic framework. The Planning Commission (1950) was established with the motive that the government would undertake comprehensive planning for the nation as a whole, where public sector would lay down the basic economic framework and would encourage private sector for their active contribution to the economic growth.
APPEARS IN
संबंधित प्रश्न
Which projects were started in the 2nd five-year plan?
Define a plan.
Why should plans have goals?
Explain ‘growth with equity’ as a planning objective.
Does modernisation as a planning objective create contradiction in the light of employment generation? Explain.
First time the objective of self-reliance was incorporated in the ______ Five year plan.
Gross Domestic Savings as a proportion of GDP has risen from ______ in 1950-51 to ______ percent in 1990-91.
In the calendar of planning, there are annual plans which are given below except ______.
Agriculture education, health and infrastructure were the priority areas in which five year plan?
Read the following hypothetical text and answer the given question:
The performance of Indian economy during the period of first seven five year plans (1950-1990) was satisfactory if not very impressive. On the eve of independence, India was an industrially backward country, but during this period of first seven plans our industries became far more diversified, with the stress being laid on the public investments in the industrial sector. The policy of import substitution led to protection of the domestic industries against the foreign producers but we failed to promote a strong export surplus. Although public sector expanded to a large extent but it could not bring desired level of improvement in the secondary sector. Excessive government regulations prevented the natural trajectory of growth of entrepreneurship as there was no competition, no innovation and no modernization on the front of the industrial sector. Many Public Sector Undertakings (PSU’s) incurred huge losses due to operational inefficiencies, red-tapism, poor technology and other similar reasons. These PSU’s continued to function because it was difficult to close a government undertaking even it is a drain on country’s limited resources. On the Agricultural front, due to the measures taken under the Green Revolution, India more or less became self-sufficient in the production of food grains. So the needs for reform of economic policy was widely felt in the context of changing global economic scenario to achieve desired growth in the country.
Which of the following was not a reason for the public sector to play a major role in the initial phase of Indian Economic Planning?
Why should plans have goals?
What are the important aspects of India's five-year plans?
Why was it necessary for a developing country like India to follow self-reliance as a planning objective?
What is the difference between planning objectives and plan objectives?
Which Five Year Plan recognised the importance of human capital?
The first Five Year Plan of ______ commenced in the year 1956.
Statement 1: First Five Year Plan of China commenced in the Year 1956.
Statement 2: Both India and China adopted Socialist Economy model, following USSR.
In the light of the given statements, choose the correct alternative:
