Planning was introduced in India through the establishment of the Planning Commission in 1950 to determine social and economic objectives and allocate resources efficiently. The early Five Year Plans from 1951-1966 focused on industrialization, import substitution, and addressing economic challenges. Later plans incorporated reforms, with the Eighth Plan seeing growth improve after economic liberalization in 1991. Planning helped achieve some modernization and self-reliance, though it faced issues with equitable growth and development. Currently, planning plays a coordinating and advisory role in India's market-oriented economy.
5 year plans of pakistan by brands academyBrands Academy
Brand Academy provides details brand analysis, research, article and insights for free.
Contact us :
brandsmentor@gmail.com
https://www.facebook.com/1stbrandsacademy
Pakistan Five Year Development PlansSince 1955 to 2010An Overview
Introduction
Almost all five-year plans prepared during political or military regimes were shelved in the country’s history after regime change and none of them succeeded in getting the desired results.
Pakistan has a semi-industrialized economy, which mainly encompasses textiles, chemicals, food processing, agriculture and other industries.
The economy has suffered in the past from decades of internal political
disputes, a fast growing population and ongoing confrontation with
neighboring India.
Pakistan's average economic growth rate since independence has been higher than the average growth rate of the world economy during the period.
Average annual real GDP growth rates were 6.8% in the 1960s, 4.8% in the 1970s, and 6.5% in the 1980s. Average annual growth fell to 4.6% in the 1990s with significantly lower growth in the second half of that decade.
Introduction
Two wars with India, in Second Kashmir War 1965 and Bangladesh Liberation War 1971 and separation of Bangladesh adversely affected economic growth. In particular, the latter war brought the economy close to recession, although economic output rebounded sharply until the nationalizations of the mid-1970s.
Pakistan is aggressively cutting tariffs and assisting exports by improving ports, roads, electricity supplies and irrigation projects. Islamabad has doubled development spending from about 2% of GDP in the 1990s to 4% in 2003, a necessary step towards reversing the broad underdevelopment of its social sector.
First Five Year Plan (1955-1960) Highlights
Targets
Emphasis mainly on achieving high national income.
The First Plan was implemented within certain obvious handicaps and limitations and its release was delayed by two Years.
In practice, this plan was not implemented, however, mainly because political instability led to a neglect of economic policy, but government, Deputy Chairman Planning Board (Commission) Said Hassan announces the plan in 1957.
The development expenditures were regarded as the foundation for rapid progress in the future and plans explicitly affirmed that some sectors of the economy must be expanded much more rapidly than others in order to secure maximum gains.
The size of the First Plan initially was Rs. 11.5 billion which was revised and decreased to 10.8 billion out of which Rs. 750 million for the public sector and Rs. 3.3 billion for the private sector was allocated. Of the total plan amount of Rs. 6.6 billion from the internal sources and R.s 4.2 billion was to be achieve from the foreign sources in the form of loans and aid.
First Five Year Plan (1955-1960) Highlights
Achievements/Failure
5 year plans of pakistan by brands academyBrands Academy
Brand Academy provides details brand analysis, research, article and insights for free.
Contact us :
brandsmentor@gmail.com
https://www.facebook.com/1stbrandsacademy
Pakistan Five Year Development PlansSince 1955 to 2010An Overview
Introduction
Almost all five-year plans prepared during political or military regimes were shelved in the country’s history after regime change and none of them succeeded in getting the desired results.
Pakistan has a semi-industrialized economy, which mainly encompasses textiles, chemicals, food processing, agriculture and other industries.
The economy has suffered in the past from decades of internal political
disputes, a fast growing population and ongoing confrontation with
neighboring India.
Pakistan's average economic growth rate since independence has been higher than the average growth rate of the world economy during the period.
Average annual real GDP growth rates were 6.8% in the 1960s, 4.8% in the 1970s, and 6.5% in the 1980s. Average annual growth fell to 4.6% in the 1990s with significantly lower growth in the second half of that decade.
Introduction
Two wars with India, in Second Kashmir War 1965 and Bangladesh Liberation War 1971 and separation of Bangladesh adversely affected economic growth. In particular, the latter war brought the economy close to recession, although economic output rebounded sharply until the nationalizations of the mid-1970s.
Pakistan is aggressively cutting tariffs and assisting exports by improving ports, roads, electricity supplies and irrigation projects. Islamabad has doubled development spending from about 2% of GDP in the 1990s to 4% in 2003, a necessary step towards reversing the broad underdevelopment of its social sector.
First Five Year Plan (1955-1960) Highlights
Targets
Emphasis mainly on achieving high national income.
The First Plan was implemented within certain obvious handicaps and limitations and its release was delayed by two Years.
In practice, this plan was not implemented, however, mainly because political instability led to a neglect of economic policy, but government, Deputy Chairman Planning Board (Commission) Said Hassan announces the plan in 1957.
The development expenditures were regarded as the foundation for rapid progress in the future and plans explicitly affirmed that some sectors of the economy must be expanded much more rapidly than others in order to secure maximum gains.
The size of the First Plan initially was Rs. 11.5 billion which was revised and decreased to 10.8 billion out of which Rs. 750 million for the public sector and Rs. 3.3 billion for the private sector was allocated. Of the total plan amount of Rs. 6.6 billion from the internal sources and R.s 4.2 billion was to be achieve from the foreign sources in the form of loans and aid.
First Five Year Plan (1955-1960) Highlights
Achievements/Failure
The third five year plan India (1961-1966) intended to make a more determined effort to develop the nation, carrying forward the legacy set by the previous two five year plans.
These five year plans are formulated by the planning commission, the aim of which is to increase the quality of life of the citizens through effective use of the country's resources.
Downward Nominal and Real Wage Rigidity in the Netherlands (MSc. Thesis)Wouter Verbeek
During the Great Recession companies were confronted with decreasing demand. One possible strategy to survive instead of cutting down employment, could be to reduce wages. However, it is well known that workers may tend to be reluctant to accept nominal or real wage cuts. In this thesis the amount of downward wage rigidity in the Netherlands is studied. Although substantial research has been performed in recent years, accurate estimates for the Netherlands are currently not available. All previous studies for The Netherlands are outdated (the most recent data is up till 2001) or use survey or aggregated data, while wage rigidity is best studied using administrative data on individual wages to avoid measurement error and the masking of wage cuts of one group of workers by wage increases of others. In this thesis wage rigidity is estimated using administrative data at the individual level.
The most notorious problem in estimating wage rigidity is measurement error. Measurement error will lead to spurious (and sometimes negative) wage changes, which could lead to an underestimate of the amount of rigidity. Therefore three methods are used, two of which correct for measurement error. These are the three main approaches well known from the literature that have been developed especially to measure wage rigidity. Also the use of administrative data helps to limit measurement error. Besides presenting up to date estimates of wage rigidity for the Netherlands, this thesis also analyses the determinants of wage rigidity and offers a comparison between three main approaches for estimating wage rigidity. The results of the three methods are found to differ substantially. Estimates for the fraction of wages covered by real wage rigidity range from 10 % up to 67 %. The results of the preferred model-based IWFP method indicate that the amount of real and nominal wage rigidity is about average compared to other countries. Furthermore, my analysis of the determinants of Dutch wage rigidity shows that the presence of wage rigidity is unevenly distributed among groups of workers. I find that DNWR and DRWR are positively related to a higher age, higher education, open-end contracts, full-time contracts and to working in a firm that experienced zero or positive employment growth in the previous year. Furthermore I find that large companies have less nominal wage rigidity than small and middle-sized companies, while showing more real wage rigidity. In addition, people with a higher wage show a higher degree of real wage rigidity. I have indications that people working in a shrinking sector province combination are to some extend willing to accept real wage cuts in favor of employment. I also find that the amount of real wage rigidity decreases and nominal rigidity increases in a low inflation environment.
The third five year plan India (1961-1966) intended to make a more determined effort to develop the nation, carrying forward the legacy set by the previous two five year plans.
These five year plans are formulated by the planning commission, the aim of which is to increase the quality of life of the citizens through effective use of the country's resources.
Downward Nominal and Real Wage Rigidity in the Netherlands (MSc. Thesis)Wouter Verbeek
During the Great Recession companies were confronted with decreasing demand. One possible strategy to survive instead of cutting down employment, could be to reduce wages. However, it is well known that workers may tend to be reluctant to accept nominal or real wage cuts. In this thesis the amount of downward wage rigidity in the Netherlands is studied. Although substantial research has been performed in recent years, accurate estimates for the Netherlands are currently not available. All previous studies for The Netherlands are outdated (the most recent data is up till 2001) or use survey or aggregated data, while wage rigidity is best studied using administrative data on individual wages to avoid measurement error and the masking of wage cuts of one group of workers by wage increases of others. In this thesis wage rigidity is estimated using administrative data at the individual level.
The most notorious problem in estimating wage rigidity is measurement error. Measurement error will lead to spurious (and sometimes negative) wage changes, which could lead to an underestimate of the amount of rigidity. Therefore three methods are used, two of which correct for measurement error. These are the three main approaches well known from the literature that have been developed especially to measure wage rigidity. Also the use of administrative data helps to limit measurement error. Besides presenting up to date estimates of wage rigidity for the Netherlands, this thesis also analyses the determinants of wage rigidity and offers a comparison between three main approaches for estimating wage rigidity. The results of the three methods are found to differ substantially. Estimates for the fraction of wages covered by real wage rigidity range from 10 % up to 67 %. The results of the preferred model-based IWFP method indicate that the amount of real and nominal wage rigidity is about average compared to other countries. Furthermore, my analysis of the determinants of Dutch wage rigidity shows that the presence of wage rigidity is unevenly distributed among groups of workers. I find that DNWR and DRWR are positively related to a higher age, higher education, open-end contracts, full-time contracts and to working in a firm that experienced zero or positive employment growth in the previous year. Furthermore I find that large companies have less nominal wage rigidity than small and middle-sized companies, while showing more real wage rigidity. In addition, people with a higher wage show a higher degree of real wage rigidity. I have indications that people working in a shrinking sector province combination are to some extend willing to accept real wage cuts in favor of employment. I also find that the amount of real wage rigidity decreases and nominal rigidity increases in a low inflation environment.
Gold standard is a monetary system in which the standard unit of currency is a fixed quantity of gold or is kept at the value of a fixed quantity of gold.
BHO is a component of Microsoft's internet explorer web browser application. It is an add-in designed to provide or expand the functionality of the browser and allow developers to improve the web browser with new features.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
2. INTRODUCTION
Planning is a prudent, rational and scientific
system for determining our social and economic
objectives and working hard to achieve them.
According to draft of First Five year plan,
“Economic planning is essentially a way of
organising and utilising resources to maximum
advantage in terms of defined social ends. It
includes:
A system of ends to be pursued and
Knowledge of available resources and their optimum
allocation.
2
3. INSTITUTIONAL STRUCTURE OF
PLANNING IN INDIA
Planning was institutionalised as a part of normal
government activity with establishment of Planning
Commission in March 1950 under the chairmanship
of Prime Minister.
This was followed by the establishment of the
National Development Council (NDC) consisting of
all Chief Ministers of the states and members of the
Union Cabinet and full-time members of the
Planning Commission, and chaired by the Prime
Minister.
3
4. OBJECTIVES OF PLANNING
Modernisation
Self Reliance
Economic Growth
Equity and Social Justice
4
5. PLANS AND THEIR STRATAGIES
EARLY EXPERIENCE WITH FIVE YEAR PLANS
First Five Year Plan (1951-56) was just a little more than
collection of ongoing public investment projects to take
care of damages caused due to war, famine(1943) and
partition of sub-continent .
It also aimed at a general increase in the standard of
the living including wider objectives of full employment
and removal of inequalities.
In Second five year Plan (1956-1961), Mahalanobis
Strategy was adopted as it aimed at import substitution
led growth(self-reliance). It was adopted to save foreign
exchange, protect domestic market and solving
unemployment problems. 5
6. Introduced by P.C. Mahalanobis, Mahalanobis strategy
had the following aspects:
Developing a sound base for initiating the process of long term
growth
High priority to industrialisation
Emphasis on development of capital good industries as
against consumer good industries.
The Second Plan strategy ran into difficulties in the late
1950s because of severe balance-of-payments problems
and food shortages, both of which were arguably linked
to the neglect of export possibilities and of agriculture.
Inflationary pressures intensified. Population growth also
turned out to be a larger problem than was originally
anticipated.
6
7. The Third Plan (1961 to 1966) sought to address
these problems, but without changing the basic
strategy of industrialization based on promoting the so
called ‘heavy industries’ with a strong emphasis on the
public sector, while providing protection from import
competition through quantitative restrictions on
imports.
Public Sector was assigned the role of:
Promoting infrastructural facilities
Creation of capacity in basic and capital goods industries
Public ownership of means of production
7
8. However, its performance fell much short of its expectations
due to two years of bad harvests(1965-67), wars with China
and Pakistan, Drought in 1965-66 and devaluation of rupee.
To overcome agricultural stagnation and increase
productivity, new package of policy in agriculture sector was
introduced in Annual plans(1966-69) which included:
Development of HYVs
Use of chemical based fertilizers and pesticides
Commercial source of water supply
Controlled water supply
Introduction of PSP
8
9. Later Fourth Five Year Plan(1969-74) focused on
growth with stability, including:
Managing foreign exchange scarcity
Reducing fluctuations in agricultural production
Reducing dependence on foreign assistance (tightening
of import controls)
However, it failed to reduce poverty as elusive
targets of growth were not enough.
So, a number of anti poverty schemes evolved for
rural employment and small and marginal farmers
in Fifth year plan(1974-79) to implement a direct
attack on poverty to help the poor.
9
10. ECONOMIC REFORMS IN THE 1980S
With Sixth Five Year Plan(1980-85), the 1980s saw the
beginning of changes in economic policy with greater flexibility
being given to the private sector, and freer access to imports
for exporters, combined with a conscious effort at managing
the exchange rate to avoid exchange rate appreciation in real
terms.
In Seventh Five Year Plan(1986-90), policies towards the
private sector were made more supportive and the tax system
was rationalised. By 1988 all industries were delicensed
except for 32 industries.
10
11. ECONOMIC REFORMS AFTER 1991
The balance of payment crisis in 1991 was triggered by
the sharp increase in oil prices on account of Gulf War
in 1990. It lead to the unveiling of economic reforms of
1991 which focused on:
Placing greater reliance on private sector
Opening the economy to foreign trade and foreign direct
investment
Restructuring the role of government to concentrate on
functions not likely to be performed by market
Promoting livelihood supporting activities for the poor
Ensuring balance of macroeconomic parameters
11
12. Eight Five Year Plan (1992-97) showed a definite
improvement after the reforms of 1991. The BoP crisis was
quickly overcome and economic growth resumed strongly
after 1992 yielding an average growth rate of 6.7%.
However, economy slowed down thereafter due to global
slowdown(East Asian Crisis in 1997), slower reforms and a
string of poor monsoons.
As a result, the growth rate dipped to 5.5% in the Ninth Five
Year Plan(1997-2002).
12
13. The Tenth Plan called for a renewed effort at pushing
economic reforms to achieve a growth rate of 8 per cent.
After an initially weak start, the economy accelerated
significantly and the growth rate in the Tenth Plan period
(2002 to 2007) was 7.8% percent.
A target of 9% has been set for the Eleventh Five Year
Plan(2007-12) and it is expected to be more inclusive with a
better performance in agricultural sector.
13
14. ACHIEVEMENTS OF PLANNING
Somewhat satisfactory growth
Some modernization
Some success at self reliance
Little success on equity and social justice
14
15. Growth Targets and Achievements
Target % Actual %
1. First Plan (1951–56) 2.1 3.6
2, Second Plan (1956–61) 4.5 4.2
3. Third Plan (1961–66) 5.6 2.7
4. Fourth Plan (1969–74) 5.7 3.4
5. Fifth Plan (1974–79) 4.4 4.9
6. Sixth Plan (1980–85) 5.2 5.5
7. Seventh Plan (1985–90) 5.0 5.7
8. Eighth Plan (1992–97) 5.6 6.5
9. Ninth Plan (1997–2002) 6.5 5.5
10. Tenth Plan (2002–07) 8.0 7.8
11. Eleventh Plan(2007–12) 9.0 8.1 (Estimated)
Note: The growth targets for the first three plans were set with respect
to national income. In the Fourth Plan it was net domestic product. In
all Plans thereafter it has been gross domestic product at factor cost. 15
16. FAILURES OF PLANNING
No significant improvement in Standards of Living
Inflation and Unemployment
Less growth in Agricultural Sector
Inequality in Distribution of income and wealth
Low capital Formation
Unbalanced growth of different regions
Inferior development of Infrastructure
16
17. ROLE OF PLANNING IN POST
LIBERALISATION ERA
Indicative Planning
Coordinating Agency
Ensures Growth with Justice
Resource Allocator
Advisor to States
Think Tank for the Government
17
18. CONCLUSION-
First four five year plans were aimed to achieve macroeconomic
targets of better employment, import substitution industrialization,
removal of equalities, check on poverty and to grow with stability.
Sixth & seventh five year plan came with some economic reforms
to give some flexibility to private sector & easy imports for
exporters. However later in year 1991 LPG policy was introduced
Eight plan showed some improvement in terms of growth rate of
6.7% and a growth rate of 7.8% in tenth plan.
Although there were failures in these plans but somehow they
contributed to some modernisation, self reliance, better social
justice.
Thus, planning became a tool for Indian economy to achieve it’s
macroeconomic targets.
18