roducers use le ket ferees of 11 only those ods that can kets. It can and, bicycles ur intensive tist society asis of what > buy goods buy it. Low demand in ng power to duced and Jawaharlal y of people prove their Box 2.2: What is a Plan? should have some general goals as well as specifle objecte A plan spells out how the resources of a nation should be achieved within a specified period of timeIn India plan= duration and are called five year plans fwe borrowed this Soviet Union, the pioneer in national planning). Our pla only specify the objectives to be attained in the five years what is to be achieved over a period of twenty years. This called perspective plan'. The five year plans are suppos basis for the perspective plan. It will be unrealistic to expect all the goals of a plan importance in all the plans. In fact the goals may actually example, the goal of introducing modern technology may labour. The planners have to balance the goals, a very a the goal of increasing employment if the technology rec We find different goals being emphasised in different pla Our five year plans do not spell out how much of e and service is to be produced. This is neither possible former Soviet Union tried to do this and failed). It is en specific about the sectors where it plays a commandin power generation and irrigation, while leaving the rest H nd so the ance. The of the goals is importance. Nev have to ensure t the policies contradict thes learn about th some detail. alth care erty since = are to be encouraged to be part of the plan effort. y different economy with the private sector being that the The 'Industrial Policy Resolution of 1948 and the Directive Principles of the Indian Constitution reflected should be this outlook. In 1950, the Planning be based Commission was set up with the =e. Unlike Prime Minister as its Chairperson. The era of five year plans had begun. most of 2.2 THE GOALS OF FIVE YEAR PLANS A plan should have some clearly specified goals. The goals of the five omy, the year plans are: growth, modernisation, self-reliance and equity. This does not market mean that all the plans have given equal importance to all these goals. Due to limited resources, a choice has to be made in each plan about which and the how to Growth: It re country's ca output of goo the country larger stock or a larger services 1 banking, o efficiency of services. economic gr rell, and VELOPME INDIAN ECONOMY 1950-1990.
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roducers use le ket ferees of 11 only those ods that can kets. It can and, bicycles ur intensive tist society asis of what > buy goods buy it. Low demand in ng power to duced and Jawaharlal y of people prove their Box 2.2: What is a Plan? should have some general goals as well as specifle objecte A plan spells out how the resources of a nation should be achieved within a specified period of timeIn India plan= duration and are called five year plans fwe borrowed this Soviet Union, the pioneer in national planning). Our pla only specify the objectives to be attained in the five years what is to be achieved over a period of twenty years. This called perspective plan'. The five year plans are suppos basis for the perspective plan. It will be unrealistic to expect all the goals of a plan importance in all the plans. In fact the goals may actually example, the goal of introducing modern technology may labour. The planners have to balance the goals, a very a the goal of increasing employment if the technology rec We find different goals being emphasised in different pla Our five year plans do not spell out how much of e and service is to be produced. This is neither possible former Soviet Union tried to do this and failed). It is en specific about the sectors where it plays a commandin power generation and irrigation, while
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