Need and importance of economic planning have been advocated even before the Independence. Nationalist leaders advocated the economic planning and there were manyattempts to broaden framework and guidelines for the five year plans in India. M.Visvesvaraya published a book "Planned Economy for India" in 1934 which perhaps for the first time started serious discussion on the need for planned approach for the sppedy development.
Planing After Independence
In 1950 the Prime Minister Jawaharlal Nehru set up Planning Commission and first Five Year plan was started in 1951. India has successfully completed Eleveth Five Year Plan and entered into the Twelth Five Year Plan.
Objectives of Planning
The Planning Commission set out the fourlong term objectives of planning , They are
- To increase production to the maximum posible extent so as to achieve higher level of national and Per Capita Income.
- To achieve full employment.
- To reduce inequalities of income and welth.
- To set up a socialist society based on equality and justice and absence of exploitation
- Mettur Dam
- Bhakranangal Dam
- Hirakud Dam
- Damodar Valley Project
- Durgapur ,West Bengal with the Help of Briton
- Bhilai, Chattisgrah with the help of Russia
- Rourkela, Odisha with the help of Germany
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