This document summarizes India's experience with economic planning from the 1950s to the 1990s. It outlines the objectives of economic planning such as economic growth, reducing unemployment and inequality, removing poverty, and establishing a socialist society. While planning achieved increases in income, production, and infrastructure development, it failed to adequately address poverty, unemployment, and inequalities. Implementation was inhibited by unrealistic targets, lack of coordination, inadequate infrastructure, financial constraints, and rapid population growth.

1. ECONOMIC PLANNING AND
ECONOMIC DEVELOPMENT IN
INDIA
Ch.10
XI-Economics

2. Introduction

3. Era of D Planning in India

4. Objectives of EP
Economic
Growth
Reducing
Unemployment
Reduction in
Inequality of
Income
Removal of
Poverty
Establishment
of a Socialist
Society
Modernization
of the Economy
Self-reliance

5. Achievements of P in India
Increase in income
Change in composition of income
Growth in agriculture and industrial production
Changes in agricultural sector
Changes in industrial scenario
Increase in saving and investment
Large expansion of infrastructure
Development in science & technology
Substantial progress in education & health facilities

6. Main Failures of P in India
Inadequate growth rates
Failure to eradicate poverty
Failure to remove unemployment
Large inequalities
Inefficient use of resources
Slow growth of infrastructure
Inflationary pressure
High magnitude of deficit financing

7. Factors inhibiting successful
implementation of the plans
Unrealistic
plans
Overambitio
us plans
Faulty
implementation
Lack of
coordination
Inadequate
infrastructure
Bureaucratic
approach
Financial
constraints
Natural
constraints
Rapid
population
growth

8. Thank
You