Question

Explain the steps of planning for development
sajter independence​

Answer 1

Answer:

After Independence, India has adopted mixed economy as economic developmental strategy. Both public and private sector co-exist side by side. In order to achieve rapid economic growth, planned development economy was introduced.

Answer 2

Answer:

In 1950, the government set up a Planning Commission to help design and execute suitable policies for economic development. The First Five Year Plan worked from 18th April 1951 to 31 March 1956. ... From 1950 to 1990-91, India followed 'mixed economy' model. In 1956, the Second Five Year Plan was formulated.