Conclusion

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Conclusion Thus, the concept of Rolling Plans adopted by the Indian Planning Commission under the Jana Government is basically a rational one. Instead of a rigid framework, there has to be an annual operational plan with a fresh five-year perspective every year of a Rolling Five-Year Plan. This system, which marks a major departure from the past. calls for continuous adjustments in […]

Role of Government Post Liberalisation Era

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Role of Government Post Liberalization Era In Calais-Zaire economic system the government plays only a passive role. It is concerned with only the basic activities or a police state, Activities such as protection of citizens from external aggression. maintenance of internal law and order, administration and provides certain basic inf~structures. In the welfare capitalism the government plays an active role so as to provide […]

Concept of Rolling Plan

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Concept of Rolling Plan The Indian Planning Commission decided in September 1977 to introduce the rolling plan concept with effective from April I, 1978 with a view to ensuring greater flexibility and realism in planning. It was felt that the past pattern proved to be vulnerable to changes in the domestic and international economies and did not adequately provide for […]

Growing Public Sector

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Growing Public Sector Another important feature of-a planned economy is the vital role played by the public sector and its growing importance. Private sector cannot be expected to sink capital in enterprises in which the return is long-delayed and is uncertain. It will avoid pioneering tasks which are naturally hazardous. Nor can the private sector be expected to build up a modem steel […]

Features of a Planned Economy

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Features of a Planned Economy If we have a look at the planned economies, say, Russian, Chinese or even Indian economy, we shall discover some common characteristics. Formulation of the plan and its implementation call for a certain type of economic and administrative organisation and a certain type of endeavor and set up. It is only natural, therefore, that the planned […]

Rapid Industrialization

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Rapid Industrialization This is another important objective which the planners try to pursue. This objective assumes importance in countries which have been left behind in the race of industrialization. South America had this objective before it while framing its development plans. India also aimed at rapid industrialization in the Second Plan. It is realized that industrialization makes more significant contribution to the raising […]

Objectives of planning

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Objectives of planning Planning is regarded as a panacea for all economic ills. It is. therefore. advocated for the achievement of a variety of objectives. It may be introduced for increasing national income or raising living standards or to fill up gaps in economic structure or to achieve self-sufficiency in food and raw materials or for bringing about rapid and adequate […]

Pre-requisites of Successful Planning

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Pre-requisites of Successful Planning Although planning has been almost universally adopted but the development plans have not invariably been successful. The successful implementation of the plan requires the existence of certain pre-conditions: needs a strong and efficient government and a clean administration to ensure the success of the plan. It is the government which has to get the plan prepared […]

Special Case of Under-developed Countries

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Special Case of Under-developed Countries The arguments given above apply to all countries at nil stages of economic development. They largely take their stand on the failure of liaise afire policy and its general abandonment. It is now realized that lack of co-ordination. recurrence of business cycles. economic inequalities, social parasitism. economic insecurity. wastes of competition. absence of industrial peace and huge social […]

Conclusion

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Conclusion We have in the world today the above main types of planning or their permutations and combinations. In Soviet Union and China there is general. structural and directional planning. In Nazi Germany and Fascist Italy, planning was general and directional. In the U.S.A. and the U.K. whatever planning is there it is partial, functional and by inducement. In India it […]