Mentione two important factors of failures of the publication in the economic planning in india
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The factors are:-
. Rise in Prices:
Price stability has been one of the objectives of every five year plan in India. But almost all the plans witnessed considerable rise in price-level. In first plan, price level came down. In all other plans, the prices recorded a steep rise. Price level rose on average by 63 percent in second plan, 5.8% in third plan, 9% in fourth plan, 6.3% in fifth plan, 3.6 percent in Ninth plan and 4% in 2004-05.
2. Increase in unemployment:
During the period of five year plans, unemployment went on rising. At the end of first five year plan 53 lakh persons were unemployed. Their number rise to 349 in 2004-05. In the last 22 years employment opportunities have increase by 2.3 percent while the supply of labour has increased by 2.5% resulting in an increase in unemployment.
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. Rise in Prices:
Price stability has been one of the objectives of every five year plan in India. But almost all the plans witnessed considerable rise in price-level. In first plan, price level came down. In all other plans, the prices recorded a steep rise. Price level rose on average by 63 percent in second plan, 5.8% in third plan, 9% in fourth plan, 6.3% in fifth plan, 3.6 percent in Ninth plan and 4% in 2004-05.
2. Increase in unemployment:
During the period of five year plans, unemployment went on rising. At the end of first five year plan 53 lakh persons were unemployed. Their number rise to 349 in 2004-05. In the last 22 years employment opportunities have increase by 2.3 percent while the supply of labour has increased by 2.5% resulting in an increase in unemployment.
HOPE IT WILL HELP YOU
MARK IT AS BRAINLIEST
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