Question

Why did India opt for planning?​

Answer 1

hey!!

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•India achieved independence in 1947. The colonial government left India in a poor backward and stagnant situation. From that time efforts have been made to solve people’s problems in a sovereign Indian republic through a system of federal parliamentary democracy.

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• Political independence has no meaning without economic prosperity. Planning was undertaken to sustain political independence and generate economic prosperity.

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Answer 2

• India opted for planning to fight against backwardness and to start the process of economic development.
• In this regard, India opted for socialism as Indian leaders were motivated by the success of Soviet Union's planning.
• Indian planners were clear about the fact that there was shortage of private capital and lack of incentive for the private sector to function in the social sector.