Q. In which field is the Gadgil formula applied in India?
Answer: Allocation of central financial assistance to states
Notes: The Gadgil formula, proposed by D. R. Gadgil in 1969, was used for distributing central assistance to Indian states based on criteria like population, per capita income, and tax efforts in Fourth and Fifth Five-Year Plans. Maharashtra was notably impacted.
Question Source: 📚This question is part of the Maharashtra General Studies [2000+ MCQs] course available only in the GKToday Android App. Download the app here.
📌 Question Number: 44 in Economy, Schemes, Budget and Economic Survey of Maharashtra in the above course in App.