Contemporary Issues Related to Planning in India

Planning is an organised and coordinated effort to achieve certain well defined objectives within a fixed time frame, through optimal utilisation of community resources, so as to promote its general well being. Post-independent India, which was largely an agricultural economy, adopted Soviet style planning system with Planning Commission as the leading institution entrusted with the role of plan formulation and execution.

It was largely a successful exercise which transformed the colonial economy of India into a mixed economy with sound institutional base. The financial crisis of 1991 and liberalisation adopted thereafter, has transformed India from a planned economy to a market ....