Why dobwe need to have planning for resource in india?
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It is essential to have resource planning because of the following reasons: It helps to identify the various resources present in different regions of the country. It helps in the conservation of various non-renewable/extinguishable resources. It helps in reducing wastage of resources.
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NEED FOR PLANNING IN INDIA
India inherited from the British a backward and stagnant economy. It was backward as the level of output and productivity were low. And it was stagnant as the GDP growth was dismal. Such an economy could not be left to the market forces of supply and demand to trace its path of growth and development. It needed a big push of investment, supported by the government. Hence the recourse of economic planning.
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