Achievements of economic planning in India
Objectives :-)
After going through this lesson you will be able to :
(1)Assess the performance of the Indian Economy in terms of economic growth.
(2)Compare the changes in per capita income at current prices and constant prices.
(3)Compare the growth in National Income at constant prices with that in per capita income.
(4)Identify some of the other achievements of planning in the areas of agricultural growth,
industrial development, modernatisation of technology.
(5)Evaluate the impact of planning on the Indian economy.
(6)Appraise the overall achievement of planning in India.
What you have learnet :-)
Real per capita income in India has increased to 2.3 times over a period of 45 years between
1950-51 and 1995-96. The rate of increase in GDP in the eleven year period since 1990-91 which
included the Eighth and Ninth Plan, however, remained 5.6 per cent annum. Overall, the performance
of the Indian Economy during the planning period looks rather dismal as per capital income rose
at an extremely low rate of 2.12 per cent per annum. This is probably because of slow growth in national
income and rapid growth in population. There have been indications that income inequalities have
not been reduced. Population living below the poverty line continues to be very large.
India has not only become self sufficient in the supply of foodgrains but is also becoming a net
exporter. some of the goods which were not manufactured at the time of independence are now
being exported. There has been an impressive modernisation of technology and institutional
structure like banking and insurance facilities etc.
Economic planning has failed to achieve some of its major objectives. It has not been able to achieve
the rate of economic growth that was aimed at. the rate of economic growth has been slow. Inequalities
and poverty have not been reduced to the desired extent. Unemployment has not been eradicated. Regional
inequalities have continued to persist.
Economic planning in India has some achievements to its credit. Economic growth has been more than
that experienced before the start of economic planning. There have been some improvement in social
and physical infrastructure.
Terminal exercise :-)
Write a brieft note on the achievements of economic planning in respect of
(1) Acceleration in the rate of economic growth.
(2)Improvement in the quality of life.
Briefly describe the major achievements of economic planning in India.
Give an account of major failures of economic planning in India.
Comment on the view that "economic planning in India" has been a mixed bag of success and failures.
After going through this lesson you will be able to :
(1)Assess the performance of the Indian Economy in terms of economic growth.
(2)Compare the changes in per capita income at current prices and constant prices.
(3)Compare the growth in National Income at constant prices with that in per capita income.
(4)Identify some of the other achievements of planning in the areas of agricultural growth,
industrial development, modernatisation of technology.
(5)Evaluate the impact of planning on the Indian economy.
(6)Appraise the overall achievement of planning in India.
What you have learnet :-)
Real per capita income in India has increased to 2.3 times over a period of 45 years between
1950-51 and 1995-96. The rate of increase in GDP in the eleven year period since 1990-91 which
included the Eighth and Ninth Plan, however, remained 5.6 per cent annum. Overall, the performance
of the Indian Economy during the planning period looks rather dismal as per capital income rose
at an extremely low rate of 2.12 per cent per annum. This is probably because of slow growth in national
income and rapid growth in population. There have been indications that income inequalities have
not been reduced. Population living below the poverty line continues to be very large.
India has not only become self sufficient in the supply of foodgrains but is also becoming a net
exporter. some of the goods which were not manufactured at the time of independence are now
being exported. There has been an impressive modernisation of technology and institutional
structure like banking and insurance facilities etc.
Economic planning has failed to achieve some of its major objectives. It has not been able to achieve
the rate of economic growth that was aimed at. the rate of economic growth has been slow. Inequalities
and poverty have not been reduced to the desired extent. Unemployment has not been eradicated. Regional
inequalities have continued to persist.
Economic planning in India has some achievements to its credit. Economic growth has been more than
that experienced before the start of economic planning. There have been some improvement in social
and physical infrastructure.
Terminal exercise :-)
Write a brieft note on the achievements of economic planning in respect of
(1) Acceleration in the rate of economic growth.
(2)Improvement in the quality of life.
Briefly describe the major achievements of economic planning in India.
Give an account of major failures of economic planning in India.
Comment on the view that "economic planning in India" has been a mixed bag of success and failures.
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