Indian Economy
Indian Economy
• Poor
Introduction of Economic Planning
• Planning is an economic mechanism for
resource allocation and decision-making.
• Economic planning refers to any directing or
planning of economic activity outside the
mechanisms of the market.
• The Economic Planning has been going on
great since independence.
• This has played a major role in the
development of the country and led India
become self sufficient.
Essential Objectives of Planning
• Lack of food
• Disease
• Poor healthcare and vaccinations
• Not many hospitals and doctors