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What is Economic Planning in India: 1950s Insights about?

This document provides an overview of economic planning in India following independence. It discusses the rationale for planning, the key features of the early plans including the Mahalanobis model, sectors of the economy, taxation policy, and the impact of planning in the 1950s. However, growth was not sustained in the 1960s due to inefficiencies in investment, costs of wars, poor monsoons, and policy instability. Export pessimism led to an over-emphasis on import substitution that created inefficiencies.

Author

HariSharanPanjwani

Language

EN