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What is Economic Planning in India: Achievements & Failures about?

Indian economy at independence was mainly agrarian with 85% of the population living in villages dependent on stagnating agriculture. Industry had declined under British rule. Economic planning was introduced to address limitations of the market, promote social justice and mobilize resources for development. The first five year plans prioritized agriculture, irrigation and infrastructure but saw mixed success in meeting growth targets due to challenges like drought and inflation. Later plans emphasized indu

Author

Aadil Kakar

Language

EN