Why did India opt for planning?

Asked by Last Modified  

3 Answers

Learn Economics

Follow 1
Answer

Please enter your answer

Ankita Jain

"Education is the key to unlocking your future"

A plan spells out how the resources of a nation should be put to use. It should have some general goals as well as specific objectives which are to be achieved within a specified period of time. At the time of independence, the Indian economy was in its worst stage. The GDP, National, and Per Capita...
read more
A plan spells out how the resources of a nation should be put to use. It should have some general goals as well as specific objectives which are to be achieved within a specified period of time. At the time of independence, the Indian economy was in its worst stage. The GDP, National, and Per Capita income were very low and the unemployment was very high. The Industrial growth was insignificant also the Agricultural Sector was not doing well. The resources were very limited. So India opted for planning because it helps in spelling out how the resources of a nation should be used efficiently and economically, so that rate of economic growth can be accelerated. read less
Comments
Dislike Bookmark

Teaching is more than just a job, it is a responsibility. A responsibility to help shape career..

India opted for planning because planning helps in sorting out how the resources of a nation should be put to use efficiently and economically so that the rate of economic development can be accelerated.
Comments
Dislike Bookmark

IELTS, Interviewer, Spoken English trainer with 2 years of experience in IELTS industry.

Planning was undertaken to make the public sector work to improve the basic economic framework and to encourage private sector firms to contribute towards the economic growth. With the objective, that the government would undertake comprehensive planning for the nation as a whole and the Planning Commission...
read more
Planning was undertaken to make the public sector work to improve the basic economic framework and to encourage private sector firms to contribute towards the economic growth. With the objective, that the government would undertake comprehensive planning for the nation as a whole and the Planning Commission was established in 1950. read less
Comments
Dislike Bookmark

View 1 more Answers

Related Questions

 What is the most important function of RBI?
The most important function of RBI is that it issues currency notes and coins except one rupee note and coin.
Santosini
0 0
5
 Infrastructure contributes to the economic development of a country. Do you agree? Explain.
Yes, I agree that infrastructure contributes to the Economic development of a nation. For any development to take place, infrastructure is the basic requirement. Roads, bridges ,Railway lines boost the...
Swapna
0 0
5
China’s rapid industrial growth can be traced back to its reforms in 1978. Do you agree? Elucidate.
Yes, China's rapid industrialization is the result of several economic reforms implemented in stages since 1978. Agriculture, foreign trade, and investment reforms were all started in the first phase. Land...
Pradeep
0 0
5
Outline the steps involved in attaining sustainable development in India.
In 2015, the United Nations general assembly adopted the 2030 agenda for sustainable development 193 countries including India got committed to the 17 sustainable development goals that require efforts...
Ankita
0 0
5
Explain the steps taken by the government in developing rural markets.
The government has made the following initiatives to develop rural markets. 1. Market Regulation - The government has established regulated marketplaces in which the selling and purchase of produce is...
Harsh
0 0
5

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Special Economic Zone (SEZ) increase foreign investment
A Special Economic Zone (SEZ) is a geographical region that has economic laws different from a country’s typical economic laws. Usually, the goal is to increase foreign investment. Special economic...

Sujoy Das

1 0
0
Justify that energy crisis can overcome with the use of renewable sources of energy.
The energy crisis in India is the result of excessive use of non-renewable sources of energy for present consumption which has created a threat for sustainable development of the country. The conventional...

Sujoy Das

1 0
0
Why Study Economics?
Economics is the study of how individuals and societies choose to use the scarce resources that nature and previous generations have provided. Probably the most important reason for studying economics...

Animesh Gaur

1 0
0
What are the importance of presenting data in graphical form? Which value is key to the graphical presentation of the data?
Graphs are attractive way of presenting the information and it is easy to understand. The values of accuracy of data used and coverage of full data is very important for graphical presentation of data....

Sujoy Das

0 0
0
Do you think regional inequality exists even in health infrastructure in India?
The development of health infrastructure has shown gender, income and regional biasness in India. Rural areas do not have access to or cannot afford medical care. Even though majority of population lives...

Sujoy Das

1 0
0

Recommended Articles

Meet Raghunandan.G.H, a B. Tech Tutor from...

Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...

Read full article >

Meet Swati, a Hindi Tutor from Bangalore

Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...

Read full article >

Meet Radhe Shyam Burman, an MBA Tutor from...

Radhe Shyam is a highly skilled accounts and finance trainer with 8 years of experience in teaching. Accounting is challenging for many students and that’s where Radhe Shyam’s expertise comes into play. He helps his students not only in understanding the subject but also advises them on how to overcome the fear of accounts...

Read full article >

Meet Urmila, an MBBS tutor from Bangalore

Urmila is a passionate teacher with over 8 years of experience in teaching. She is currently pursuing her Ph. D. She provides classes for Class 11, Class 12, MBBS and Medical tuition.  Urmila began her career in teaching long before she became a teacher. She used to provide classes for foreign national students in her college...

Read full article >

Find Class 12 Tuition near you
Class 12 Tuition in Delhi
Class 12 Tuition in Bangalore
Class 12 Tuition in Hyderabad
Class 12 Tuition in Chennai
Class 12 Tuition in Kolkata
Class 12 Tuition in Mumbai
Class 12 Tuition in Pune
Class 12 Tuition in Lucknow
Class 12 Tuition in Noida
Class 12 Tuition in Gurgaon
Online Tuition Class 12

Looking for Class 12 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you