Question

importance to have regional balance

Answer 1

Investing in education, connecting areas and regions, improving urban management, empowering the poor, introducing social safety nets are some main areas where regional balance depends on for sustainable, more inclusive growth of Indian Economy. The fundamental objectives of the planning are to accelerate the economic development by bringing about optimum utilization of resources to reduce inequalities in wealth distribution and to remove imbalance in the economy. Since 1951, India has completed Eleven Five Year Plans and 12th Plan is in progress.  The principles of India’s five year plans are provided by the basic objectives of Growth, Employment, Self- reliance, Social Justice, etc. The issue of regional balance has been an integral component of almost every Five Year Plan. In every country some regions are richer than others, and some (not necessarily the richest) are developing more rapidly than others. To make a plan which gave equal emphasis to every square mile, or spent an equal sum on every inhabitant, would be quite uneconomic.

In the first place, different areas have different growth potential; some have minerals, or water, or good natural harbours, while others are poorly favoured. And secondly, even if all areas started with equal resources, it would pay to concentrate development in relatively few places, because of the economies of geographical concentration. The approaches of the planners and of the politician.

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Answer 2

Balanced regional development is an important condition for the harmonious and smooth development of a country. ... Rather it indicates utilisation of development potential of all areas as per its capacity so that the benefit of overall economic growth is shared by the inhabitants of all the different regions of a country.