The economic planning concept in india is taken from
Answers
Answer:
The concept of Economic planning in India is derived from Russia. Economic planning is done by the country to improve the economy by using only limited resources. Post-independence the economy of the country was not so highly developed and totally relied on the British economy.
The concept of Economic Planning in India is derived from Russia.
Explanation:
Seeing the successful Russian experiment of planning, India launched its economic planning in 1951.
1. The main aim of economic planning is to achieve the target of economic improvement which is major for a developing country, like India.
2. For the better usage of human resources and growing employment opportunities.
3. To ensure stability; to avoid any structural variance in the country.
4. To become independent in terms of industrial raw material and food grains.
5. To ensure regional development in a well-balanced manner
Economic Planning is an ordered and coordinated attempt to achieve definite objectives within a stable time frame through the best utilization of the community’s resources.