Summary |
Economic planning is concerned with the effective and optimal utilization of the potential resources of an economy. This is particularly so in the context of underdeveloped countries which are striving to raise the standard of living of the masses. In fact, planning is a process aiming not merely at the best utilization of material resources but also at the development of human faculties and institutional framework suitable to the needs and aspirations of the people. The establishment of Planning Commission in 1950 heralded a new era in the economic history of India.
Part I of this book deals with human and natural resources of India, principles of economic planning, institutional framework of economic planning in India, and assessment of India’s experience with economic planning. Part II provides summary of each Five Year Plan (First Plan to Eleventh Plan).
Part III contains sector-wise statistics on the Indian economy from 1950-51 to 2009-10. Part IV of this book comprises glossary of economic planning and a list of English equivalents of select Hindi terms used in Plan Documents.
|
