Ch 10Economic Planning in India — Class 11 Economics, concept-first.

The previous chapter of this Std XI Economics paper studied Economic Policy of India Since 1991 — the shift toward liberalisation, privatisation, and globalisation (LPG) that reshaped how the Indian s…

Economic planning is the deliberate and conscious effort by the state to direct, coordinate, and control the economic activities of a country over a specified period, in order to achieve predetermined…

Indian planning has, across its many plan periods, pursued five broad and recurring objectives. Their relative emphasis has shifted from one Five-Year Plan to another, but all five have remained visib…

Economic planning is classified in several different ways, depending on which feature of the plan one is looking at — how binding it is, what it measures, or who does the planning.

The Planning Commission of India was set up on 15 March 1950 by a resolution of the Union Cabinet — it was, notably, a non-constitutional and non-statutory body: it does not appear anywhere in the Con…

By the early 2010s, several concerns had built up around the Planning Commission's continued relevance to a changed Indian economy: 1. A mismatch with a liberalised economy.