" RELEVANCE OF ECONOMIC PLANNING IN INDIA "

The economic development of India during planning era is impressive. The performance of Agriculture sector, Industrial sector and territory sector contributes a lot towards overall development of the country. The development of infrastructure during planning era is laudable. The entire credit goes to the planning commission which is unfortunately abolished by the new government at the centre. In this scenario, an attempt has been made to evaluate and discuss the economic development of India during planning era. This study concentrates on development of country sector wise like agriculture, industry, retail, energy, infrastructure and communications etc, finally offer recommendations for effective economic development of the country.

Every success and failure of an individual person, family, organization, and institution have a direct relationship to how things, conditions, and activities were planned. The planning process differs in scopes, conditions, and purpose. An individual may plan for the realization of his/her desire and ambition whether for self or for others. Parents’ plan for the family may come with a balance between his/her personal growth and development and for the well-being of the family members. Moreover, a particular organization or institution plans based on its clear vision, mission, and goals. The organizational and institutional plan is not really about realizing personal goal but for the organizations’ desire for the good of others and communities to a larger scope. All of these planning efforts undertaken whether from an individual, families, organizations or institutions redound to the total development of the economy as a whole.

Journal of Comparative Economics, 1990

This paper traces the evolution of planning procedures in India, from the wartime controls to the system of centralized command-type planning which was extended to the private sector through industrial licensing. It was found that although the planners and policymakers in India initially understood the need for the use of a variety of instruments and controls for indicative-type planning in a mixed economy, there has always been a mismatch between planning intentions and the use of instruments in their more appropriate form. A quantitative evaluation of planned performance over the seven Five Year Plans has also been provided.

Journal of Comparative Economics, 1990

This paper argues that planning as practiced in India has in many respects failed to achieve national development objectives over the long term. Four different s,ets of factors can be identified as probably having contributed to this failure: (1) faulty premises and development strategies. (2) problematic and counterproductive implementation mechanisms, (3) the emergence of powerful interest groups that appropriate public resources and blocked needed policy reforms, and (4) the slowness to learn from experience and consequent lack of flexibility and adaptation. These forces were not mutually independent. and hence their relative importance is difficult to gauge precisely. J. Co/n/~ L'conorn., December 1990. 14(4),

International Journal for Multidisciplinary Research, 2023

Abstract The Indian Constitution, the wealth of knowledge from our civilizational history, and the current socio-cultural-economic contexts must form the basis upon which the institutions of governance and policy must adapt to new challenges if they are to reflect the spirit and altered dynamics of the new India. To achieve India's and its people's aspirations, institutional reforms in governance and dynamic policy modifications that may seed and foster remarkable transformation are required. The government of India has formed NITI Aayog (National Institute for Transforming India) in place of the Planning Commission in order to adapt to current times and suit the needs and aspirations of the Indian people. This article examines the contributions of the National Planning Commission and the National Institution for Transforming India (NITI) Aayog to the development of the Indian economy.

Every success and failure of an individual person, family, organization, and institution have a direct relationship to how things, conditions, and activities were planned. The planning process differs in scopes, conditions, and purpose. An individual may plan for the realization of his/her desire and ambition whether for self or for others. Parents’ plan for the family may come with a balance between his/her personal growth and development and for the well-being of the family members. Moreover, a particular organization or institution plans based on its clear vision, mission, and goals. The organizational and institutional plan is not really about realizing personal goal but for the organizations’ desire for the good of others and communities to a larger scope. All of these planning efforts undertaken whether from an individual, families, organizations or institutions redound to the total development of the economy as a whole.

The main process or stages of planning are as under: 1. Formulation of Plan: The formulation of the development plan is the first stage of the economic planning. At the top, the Planning Commission formulates a draft plan in consultation with the various ministries or economic councils. Similarly, at the bottom, individual perspective plan on the basis of past experience and future requirements is prepared. The Planning Commission assesses the balances of technical possibilities, recommendations, suggestions and requirements in the light of reports given by two agencies—one from the top and the other from the bottom. The final draft is comprehensive, coherent and well knit document. First of all, Planning Commission lays down tentatively certain general goals for the long time, i.e., for fifteen or twenty years, after making a careful analysis of technical possibilities, the basic and non-basic needs of the economy and various methods of development.