Why India chose the so called Nehruvian Socialism?

Jawaharlal Nehru was greatly influenced by the achievements of Soviet Planning.  Since he also viewed democratic qualities of capitalism as indispensable for complete economic and social growth and since he wished to take advantage of both, he came out with his vision of so called “Democratic Socialism” for new India. Ideally, the democratic socialism was […]

Achievements and Failures of Planning in India

India has completed eleven plans and twelfth is underway. The 65 years of planning in India has a mixed result. Sometimes targets have been realised while some other times we only shared disappointment and despair. Achievements of Five Year Plans Increase in National Income Five year plans are able to increase the nation income level […]

9th, 10th and 11th Five Year Plans

Ninth Five Year Plan: April 1, 1997 to March 31, 2002 This period saw the change in the government. The Ninth plan was started with an objective of “Growth with Social Justice and Equality”. It also assigned importance to agriculture growth.  Regulation of the debt programmes was emphasized to improve government’s financial position.  It was […]

Economic Planning Strategy in India

In order to achieve the long-term and short-term objectives set in the each five year, specific strategies are required. It involves allocation resources across different sectors of the economy in tandem with the specified objectives. It involves selection choices like development of agricultural sector or industrial sector, public sector or private sector involvement, closed economy […]

Objectives of Planning in India

In India objectives of planning are mainly classified as long-term objectives and short-term objectives. Long-term objectives try to solve the socio-economic issues that the country is facing over the years. It includes increase in national income or per-capita income, achieving full employment, social justice and equitable distribution, poverty alleviation, self-sufficiency and modernisation, etc. Achieving all […]

Salient Features of Indian Planning

The planning era has ended with planning commission but here are some of the key features of Indian planning for academic purposes. Five Year Planning India’s plans are of 5-year period. The five year plans integrated the short term objectives with long term objectives. Comprehensive Planning The focus of the planning was not only on […]

Economic Planning

Economic Planning refers to any plans of economic activity which point to achieve specific social and economic outcomes. The planning mechanism involves the specific economic or social outcomes. The philosophy of planning is that only markets and price system cannot ensure the welfare of citizens. Apart from this there are economic requirements such as investment […]

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 […]

Fifth Five Year Plan

The Fifth Five Year Plan India was sketched out for the period spanning 1974 to 1979 with the objectives of increasing the employment level, reducing poverty, and attaining self-reliance. The twin objectives of poverty eradication and attainment of self reliance were inculcated in the fifth plan. A national program for minimum needs including elementary education, safe drinking water, […]


First Five Year Plan

Since 1951 India has completed 11 five year plans and 12th five year plan is about to finish in 2017.  Each five year plan started from April 1 of a particular and ended on March 31 of a particular year, so by convention the five year plans take on 5 financial years. India’s First Five […]