Question

Impact of economic reforms in india in terms of achievements and failures

Answer 1

Major Accomplishments of Planning:

(a) Higher Rate of Growth:
(b) Growth of Economic Infrastructure
(c) Development of Basic and Capital Goods Industries
(d) Faster Growth of Agriculture
(f) Economic Self-Reliance


Major Failures of Planning:

(a) Inadequate Growth Rate:
(b) Move Toward Socialistic Pattern of So­ciety
(c) Economic Inequality and Social Injus­tice
(d) Unemployment
(e) Regional Imbalance