How historical background of planning helps in development.
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- Planning in India starts from the 1930’s. The colonial government had established a planning board even before Independence.
- Soon after independence India’s leaders adopted the principal of formal economic planning as an effective way to intervene in the economy to foster growth and social justice.
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It was a plan for economic development under considerable amount of government intervention. It emphasised the industrial sector with an aim of trebling national income and doubling of per capita income within a 15-year period. Under this plan, planning and industrialisation were synonymous
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