How are long-term objectives realised through plan objectives?
Answers
- Long-term objectives try to solve the socio-economic issues that the country is facing over the years. It includes increase in national income or per-capita income, achieving full employment, social justice and equitable distribution, poverty alleviation, self-sufficiency and modernisation.
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Explanation:
1. Economic Growth:
Of all the objectives, economic growth has received the strongest priority in all the plans. This is because the Indian economy is caught in the vicious circle of poverty due to low per capita income and the consequent low rate of saving and capital formation.
2. Economic Equity and Social Justice:
Two aspects of social justice involve the reduction of poverty and the reduction in the inequality in the distribution of income and wealth.
3. Full Employment:
The removal of unemployment is considered to be another important objective of India’s five year plans. But, unfortunately, it never received the priority it deserved. In the Sixth plan (1978-83) the than Janata Government gave employment a place of pride for the first time.
4. Economic Self-Reliance:
Self-reliance or, for that matter, self-sufficiency, refers to the elimination of external assistance. In other words, it means zero foreign aid. India is typically a dependent economy. She is used to importing a huge quantity of food-grains, fertiliser, raw materials and industrial machinery and equipment.
5. Modernisation:
This new objective was categorically mentioned for the first time in the Sixth Plan. Modernisation means such a variety of structural and institutional changes in the economic activities that can change a feudal and colonial economy into a progressive and modern economy that produces various types of goods.