what is economic planning why did indian policy makers adopt economic planning for the development of india ?
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The basic objectives of planning in India were, “development along socialist lines to secure rapid economic growth and expansion of employment, reduction of disparities in income and wealth, prevention of concentration of economic power and creation of values and attitudes of a free and equal society.”
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economic planning is a resource based on allocation system based on a computational procedure for solving a constraints maximization problems with an literatve process for obtaining it's solutions
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