Planned economy Current Affairs, GK & News

Nature of the Indian Economy

Early on at the outset itself, independent India chose to adopt a mixed approach instead of veering either towards an economy wholly determined by market forces or an economy wholly and only controlled by the state. The Indian Constitution itself expresses the hope that India will function as a welfare state, and to do so ..

Topics: Planned economy • Planning in India

Back Ground of Planned Development in India, Planning Commission and National Development Council

This article gives you crisp information on background of Planned Development in India, Planning Commission and National Development Council. Perspective Planning, Imperative & Indicative Planning Perspective planning refers to long term planning for a period of 15, 20, 25 yrs, however objective of perspective planning can be achieved by breaking the period in 5-7 yr ..

Topics: Bombay Plan • Economic ideologies • Economic systems • Economy • Five-year plans • Five-Year Plans of India • National Development Council • Planned economy • Planning Commission • Schools of economic thought • Socialism