Economic planning in India began in 1950 to promote economic development and growth. The Planning Commission was established to coordinate resources and prepare Five-Year Plans with objectives like effective utilization of resources, industrial growth, poverty reduction, and balanced regional development. Five-Year Plans set targets in areas like agriculture, education, health, infrastructure, women and children, the environment. The 11th Five-Year Plan aims to double per capita income, reduce unemployment, malnutrition and provide infrastructure like electricity, roads, telecommunication across India. Economic planning helps allocate resources in a desired manner to achieve balanced economic and social progress.

1. ECONOMIC PLANNING IN INDIA Prepared by:- Ravi Ahuja AnuragGelani SheetalVerma AkankshaGoswami BhavinRathod STUDENT OF BHILAI BUSINESS SCHOOL BHILAI CHATTISHGARH

3. In communist countries the government makes both micro- and macroeconomic decisions.

4. Microeconomic decisions include what goods and services to produce, the quantities to produce, the prices to charge, and the wages to pay.

5. Macroeconomic decisions include the rate of investment and the extent of foreign trade.

7. High Rate of Growth of Population.

8. Industrial Growth Was Negligible.

9. Low Level of Literacy.

10. Backward Technology.

11. Traditional Attitude.

13. Reduction Of Economic In Equalities.

14. Balanced Regional Development.

15. Modernization.

16. Reduction Of Unemployment.Objective of Economic Planning

18. Prepare Five Year Plan Along With its Objective.

19. Co-ordination with State Government of India For Execution of Plan.

20. Determination Of Priorities, Stages Of Plan and Propose of Allocation Of Resources For Due Completion Of Stages.Planning commission of India

23. Increase agricultural GDP growth rate to 4% per year.

24. Reduce educated unemployment to below 5%.

25. Raise real wage rate of unskilled workers by 20 percent.11th Five Year Plan Target

27. Increase literacy rate for persons of age 7 years or more to 85%.

28. Lower gender gap in literacy to 10 percentage points.

30. Reduce malnutrition among children of age group 0-3 to half its present level.

31. Reduce anemia among women and girls by 50% by the end of the 11th Plan.Health

33. Ensure that all children enjoy a safe childhood, without any compulsion to workWomen and Children

35. Ensure all-weather road connection to all habitation with population 1000 and above (500 in hilly and tribal areas) by 2009, and ensure coverage of all significant habitation by 2015.

36. Connect every village by telephone by November 2007 and provide broadband connectivity to all villages by 2012.

38. Attain WHO standards of air quality in all major cities by 2011-12.

39. Treat all urban waste water by 2011-12 to clean river waters.

40. Increase energy efficiency by 20 percentage points by 2016-17Environment

42. Objective of economic planning is to reduce inequality, economic growth, balanced regional growth, modernization.