CHAPTER 08

PLANNING IN INDIA

1-1
LEARNING OBJECTIVES
 To understand the concept of economic
planning
 To identify various functions of economic
planning
 To develop an understanding of the
economic-planning process in India
 To discuss the objectives and
achievements of five-year plans executed
in India

1-2
Economic Development
Planning
 According to Dickinson,

Economic planning is the making of major

economic decisions by a determinate
authority on the basis of a comprehensive
survey of the economy as a whole.

1-3
Objectives of Economic
Planning
 Rise in per-capita income
 Ensuring higher level of employment
 Price stability
 Reduction in inequalities in income distribution
 Self-reliance
 Increase in savings
 Rapid economic growth
 Reduction of inequality of income
 Effective utilisation of resources

1-4
Various Forms of Economic
Planning
 Centralised Planning and Decentralised
Planning
 Indicative and Imperative Planning
 Democratic and Totalitarian Planning
 Corrective and Developmental Planning
 Structural and Functional Planning
 Capitalist and Socialist Planning
 Rolling and Fixed Plans

1-5
Elements of Economic
Development
 Human resources
 Natural resources
 Capital formation
 Technological change and innovations

1-6
Economic Planning In India
 History of Economic Planning in India
 Role of Economic Planning in India
 The Indian Economic Planning Process
 The Planning Commission of India
 Planning Public Expenditure

1-7
The First Five Year Plan

1-8
The Second Five Year Plan

1-9
The Third Five Year Plan

1-10
The Fourth Five Year Plan

1-11
The Fifth Five Year Plan

1-12
The Sixth Five Year Plan

1-13
The Seventh Five Year Plan

1-14
The Eighth Five Year Plan

1-15
The Ninth Five Year Plan

1-16
The Tenth Five Year Plan

1-17