Economic growth combined with dash was the principle goal of planning in india
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Answer: social justice
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Economic growth combined with equity was the principle goal of planning in India
Explanation:
- While growth refers to a rise in national revenue over time, equity refers to an equal distribution of this money so that the advantages of higher economic growth can be passed on to all segments of the population in order to achieve social justice.
- Growth is desired because you need the cake to distribute it, but growth does not ensure societal well-being. Growth is measured by the market value of goods and services produced in the economy (GDP), but it does not ensure an equitable distribution of the money generated by this output.
- In other words, the majority of GDP may be held by a tiny fraction of the people, resulting in the exploitation of the weaker sectors of society. As a result, growth with equity is a sensible and desirable planning goal.
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