Ch 7Planning and Economic Reforms — Class 12 Economics, concept-first.

Economic planning means the deliberate, purposeful use of a country's resources and productive capacity, guided by a central authority, to achieve pre-determined economic and social goals within a fix…

India's planning was carried out through a series of Five Year Plans, each covering a five-year period with its own priorities, prepared and monitored by the Planning Commission until 2014-15.

The Planning Commission was set up in 1950 as an extra-constitutional advisory body responsible for formulating India's Five Year Plans, allocating plan funds to states and central ministries, and eva…

By 1991, India faced a severe balance of payments crisis: foreign exchange reserves had fallen to a level barely sufficient to cover a few weeks of essential imports, fiscal deficits were high, inflat…

Sample papers and previous-year board questions for this subject.