STRATEGY OF ECONOMIC DEVELOPMENT BALANCED AND UNBALANCED GROWTH
Balanced Unbalanced Big Push
The advocates of this strategy suggest that no single strategy will take us to the goal of economic development. Not only has the strategy to be changed from time to time is the situation may require, but it may be necessary sometimes to strike a balanced
between the alternative strategies MARKET SIZE In the initial stages characterized by imbalance counter iranbala nces will be a more effective remedy. ut once an appropriate balance is attained by a fair dose of big push, the strategy of balanced growth may be applied to further planning.
The strategy adopted in Indian planning may be described as balanced happy compromise of Balanced Unbalanced and Big Push strategies. More prominent, however is the strategy of balanced growth. This is indicated by varying emphasis on a single aspect in successive plans self sufficiency it! food in the first Plan,rapid industrialisation in the Second Plan self sustaining growth in the third -Plan and growth with stability ill the Fourth Plan. Let us now turn to the study of Balanced vs. Unbalanced Growth.