With what does Indian planning aims at speedy economic development?
Answers
.Economic planning in India aims at bringing about a rapid economic development in all sectors. The key sectors are agriculture, power, industry and transport. Through development of the economy, the country aims at increasing national and per capita incomes.
Answer:
Economic planning in India aims at bringing about a rapid economic development in all sectors. The key sectors are agriculture, power, industry and transport. Through development of the economy, the country aims at increasing national and per capita incomes.
EXTRA ANSWERS FOR KNOWLEDGE
What is the main aim of economic planning in India?
As said earlier, there were certain objective of economic planning which include: achieving economic growth in terms of increase in real national and per capita income, increase in the level of employment, removal of inequality in the distribution of income removal of poverty, ensuring social and economic justice etc.
What is Economic Planning Indian economy?
The term economic planning is used to describe the long term plans of the government of India to develop and coordinate the economy with efficient utilization of resources.
What is importance of planning for economic development in economics?
The importance of planning lies in the fact that it is an instrument through which important socio-economic objectives, unrealisable under free private enterprise, are likely to be effectively realised. (d) Larger provisions for capital formation as one of the principal instruments for accelerating the rate of growth