This Topic is Based on Introduction of Indian Economy

1. Indian Economic Planning
Dr.R.Alagesan,
Assistant Professor of Economics,
Department of Economics,
Mannar Thirumalai Naicker College,
Madurai

2. MEANING

3. Objectives of Economic
Planning in India
Economic Development
Increased Levels of Employment
Self Sufficiency
Economic Stability
Social Welfare and Provision of Efficient Social Services
Regional Development
Comprehensive and Sustainable Development
Reduction in Economic Inequality
Social Justice
Increased Standard of Living

4. Achievements of
Five-Year Plans
• Increase in National Income
• Five-year plans are able to
increase the nation income
level form a stagnant
position at the time of
independence.
• Increase in Per Capita Income
• Increase in national income
resulted in increase of per
capita income.
• Increase in Rate of Capital Formation
• Capital formation is a key
factor of economic growth. It
depends on saving and
investment. During Five Year
Plans, there has been a
considerable increase in the
rate of saving and
investment. It was around 35%
by 2010-11.

5. • Growth of Agricultural Sector
• Both crop productivity and crop production have shown a
substantial rise in India. From the net importer of foodgrains,
India became net exporter.
• Development of Industries
• There has been a substantial improvement of the capital
goods industry including iron and steel, machinery, chemical
fertilisers, etc.
• Development of Economic Infrastructure
• Five-year plans laid the foundation for development of
economic infrastructure which include transportation, power
generation, communication etc.
• Development of Social Infrastructure
• Social infrastructure includes such services as education,
health facilities, etc. In this area also, five year plans able to
achieve desired success.
• Other areas of achievements are in increased employment,
modernisation of the society and achieving self-sufficiency.

6. Failures of
Economic
Planning in
India!
Rise in Prices
Increase in unemployment
Slow Growth in Production Sector
Inequality in Distribution of Income and Wealth
Inefficient Administration
Lack of Strong Foundation
Extra Ambitious
Paradox of Saving and Investment