explain reduction of economic inequality as an objective of economic planning in India
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Explanation:
explain reduction of economic inequality as an objective of economic planning in India
The main objective of Indian planning is to achieve the goal of economic development economic development is necessary for under developed countries because they can solve the problems of general poverty, unemployment and backwardness through it.The basic objective of economic planning is that there is equal distribution of resources, the goals set are completed within specific period of time, Increase the production and employment and also reduce the population growth are also the main objectives.Top 8 Features of Economic Planning
The most cherished elements involved in a good plan are as under:
(i) Definite Objective:
(ii) Central Planning Authority:
(iii) Democratic Character:
(iv) Only an Advisory Role of Planning Commission:
(v) Comprehensiveness:
(vi) Planning for Consumption:
(vii) Rational Allocation of Resources: