Concept of Rolling Plan

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...

Growing Public Sector

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....

Features of a Planned Economy

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...

Rapid Industrialization

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...

Objectives of planning

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...