What are the characteristics of India's five year plan?
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1. Democratic:
The first important feature of Indian planning is that it is totally democratic. India being the largest democratic country in the world has been maintaining such a planning set up where every basic issue related to its Five Year Plan is determined by a democratically elected Government. Moreover, while formulating a Five Year Plan, opinions of various tiers of Government, various organisations, institutions, experts etc. are being given due considerations.
2. Decentralised Planning:
Although since the inception of First Plan, the importance of decentralised planning was emphasized so as to achieve active people’s participation in the planning process, but the real introduction of decentralised planning was made in India for the first time during the Seventh Plan.Thus decentralised planning is a kind of planning at the grass root level or planning from below. Under decentralised planning in India, emphasis has been given on the introduction of district planning, sub-divisional planning and block-level planning so as to reach finally the village level planning successfully.
3. Regulatory Mechanism:
Another important feature of Indian planning is that it is being directed by a central planning authority, i.e., the Planning Commission of India which plays the role of regulatory mechanism, so as to provide necessary direction and regulation over the planning system.
Thus under the present regulatory mechanism, every planning decision in India originates from the Planning Commission and being finally approved by the National Development Council. Moreover, the Planning Commission of India is also having adequate regulatory mechanism over the successful implementation of planning.
4. Existence of Central Plan and State Plan:
Another important feature of Indian planning is that there is the co-existence of both the Central Plan and State Plans. In every Five Year Plan of the country, separate outlay is earmarked both for the Central Plan and also for the State Plans. Central Plan is under the exclusive control of the Planning Commission and the Central Government, whereas the State Plan is under the exclusive control of State Planning Board and State Government which also requires usual approval from the Planning Commission.
5. Public Sector and Private Sector Plan:
Another notable feature of India’s Five Year Plan is that in each plan, a separate outlay is earmarked both for public sector and the private sector. In each five year plan of the country, public sector investment and private sector investment amount is separately fixed, which comprises the total investment in each plan. India, being a mixed economy, it is quite natural that a separate investment outlay for public as well as the private sector is being maintained in each plan.
The first important feature of Indian planning is that it is totally democratic. India being the largest democratic country in the world has been maintaining such a planning set up where every basic issue related to its Five Year Plan is determined by a democratically elected Government. Moreover, while formulating a Five Year Plan, opinions of various tiers of Government, various organisations, institutions, experts etc. are being given due considerations.
2. Decentralised Planning:
Although since the inception of First Plan, the importance of decentralised planning was emphasized so as to achieve active people’s participation in the planning process, but the real introduction of decentralised planning was made in India for the first time during the Seventh Plan.Thus decentralised planning is a kind of planning at the grass root level or planning from below. Under decentralised planning in India, emphasis has been given on the introduction of district planning, sub-divisional planning and block-level planning so as to reach finally the village level planning successfully.
3. Regulatory Mechanism:
Another important feature of Indian planning is that it is being directed by a central planning authority, i.e., the Planning Commission of India which plays the role of regulatory mechanism, so as to provide necessary direction and regulation over the planning system.
Thus under the present regulatory mechanism, every planning decision in India originates from the Planning Commission and being finally approved by the National Development Council. Moreover, the Planning Commission of India is also having adequate regulatory mechanism over the successful implementation of planning.
4. Existence of Central Plan and State Plan:
Another important feature of Indian planning is that there is the co-existence of both the Central Plan and State Plans. In every Five Year Plan of the country, separate outlay is earmarked both for the Central Plan and also for the State Plans. Central Plan is under the exclusive control of the Planning Commission and the Central Government, whereas the State Plan is under the exclusive control of State Planning Board and State Government which also requires usual approval from the Planning Commission.
5. Public Sector and Private Sector Plan:
Another notable feature of India’s Five Year Plan is that in each plan, a separate outlay is earmarked both for public sector and the private sector. In each five year plan of the country, public sector investment and private sector investment amount is separately fixed, which comprises the total investment in each plan. India, being a mixed economy, it is quite natural that a separate investment outlay for public as well as the private sector is being maintained in each plan.
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Economic Growth: Of all the objectives, the objective of economic growth has received the strongest priority in all the plans. ...
Economic Equality and Social Justice: ...
Full Employment: ...
Economic Self-Reliance: ...
Modernisation:
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