Scribd Logo
Upload

Welcome to Scribd!

  • Manik

    Uploaded by

    Manik Choudhary
    12 views1 page
    The document discusses economic planning and the need for planning in India. It defines economic planning as allocating a country's resources according to national priorities. It notes that India's planning commission was replaced by METIO in January 2015 to suggest policies to accelerate GDP growth, as referenced in India's 1950 constitution. India inherited a backward and stagnant economy from British rule, with low output and productivity and dismal GDP growth, requiring intervention beyond leaving the economy to market forces alone.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    TXT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document discusses economic planning and the need for planning in India. It defines economic planning as allocating a country's resources according to national priorities. It notes that India's planning commission was replaced by METIO in January 2015 to suggest policies to accelerate GDP growth, as referenced in India's 1950 constitution. India inherited a backward and stagnant economy from British rule, with low output and productivity and dismal GDP growth, requiring intervention beyond leaving the economy to market forces alone.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as txt, pdf, or txt
    12 views1 page

    Manik

    Uploaded by

    Manik Choudhary
    The document discusses economic planning and the need for planning in India. It defines economic planning as allocating a country's resources according to national priorities. It notes that India's planning commission was replaced by METIO in January 2015 to suggest policies to accelerate GDP growth, as referenced in India's 1950 constitution. India inherited a backward and stagnant economy from British rule, with low output and productivity and dismal GDP growth, requiring intervention beyond leaving the economy to market forces alone.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as txt, pdf, or txt
    of 1

    WHAT IS AN ECONOMY PLANING

    'Economic planing means implying countrys resources in developement including


    national priorities'
    it is important to note that the plning commission is naw is default in january 15
    it has been replased by METIO
    the role METIO is to suggest the polecies to accelerate the pace of GDP growth
    (1950) in the indian constution
    reference to social and economic planing reference to the congerence to

    NEED FOR PLANNING IN INDIA


    India inherited frin britishn a backward staganant
    economy was backward as the level of output and productivity were low .And
    was stsgnent as the GDP growth as dismal(extremely low) . Such as economy could not
    be left to the market

    You might also like