Question

Explain the concept of Upadhyay’s decentralized economy.

Answer 1

A decentralized-planned economy or decentrally-planned economy (occasionally called horizontally-planned economy due to its horizontalism) is a type of planned economy in which the investment and allocation of consumer and capital goods is explicated accordingly to an economy-wide plan built and operatively coordinated .

Answer 2

He proposes that each national entity has its own identity (which he termed Chiti) or national culture that evolves out of long association together of a people within a specific geographical area. Pandit Upadhyay wanted decentralisation of both economic and political power.