Answer :

Economic Planning is an organised and coordinated effort to achieve certain objectives within a fixed time frame through optimum utilisation of the community’s resources. The main aims of adopting the techniques of economic planning in India are:


1. The main objective of India's planning is economic development. Economic development is extremely important in underdeveloped economies as it can solve the problem of poverty and unemployment. To calculate the economic development in the economy, the government takes into account the total increase in production capacity and consumption. This also includes improving the standard of living of its citizens in terms of education and health.
2. Another objective is to utilise the resources in a better way so that the employment opportunities available to the people can increase. Every plan takes into account this objective to provide millions of people a certain form of employment.
3. The plans also have the objective to become self-sufficient in terms of food grains and industrial raw material. It also focuses on removing the increased dependence on foreign trade by increasing export trade and developing internal resources.
4. Economic stability is also very important. If there are frequent changes in the price level, there would be many types of structural imbalances created in the economy.
5. The plans also aim to promote labour welfare, social welfare for the poor and economic development of the backward classes. Development of social services like education, health, technical and vocational education is also given due importance.
6. India has faced the issue of imbalance in regional growth. Certain States are economically developed, but others are way behind. For example, Tamil Nadu, Maharashtra, Andhra Pradesh are well-developed States as compared to Uttar Pradesh, Bihar, etc
7. The plan also aims at reducing economic inequalities. These are an indicator of social injustice and exploitation in the country. It has made the rich richer and the poor poorer. It has become extremely attend to give appropriate attention to this factor. Certain steps have been taken search as a progressive taxation scheme and reservation of jobs for the backward classes.
8. The plan takes into account a comprehensive development for the all-round benefit of the economy.


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