Describe the achievements and failures of economic planning in india. Plz dont send any link , kindly provide the ans.
Dear student,
The following are the achievements of planning in India:
Class XI- Economics- Studymaterial- Indian Economic Development- Indian economy 1950-1990
The following are the achievements of planning in India:
- Rise in the national income
- Rise in the per capita income
- Improvement in the rate of capital formation
- Land reforms and technical reforms in agriculture
- Growth of industrial sector
- Development of economic and social infrastructure
- Rise in foreign trade
- Significant level of poverty
- Unemployment
- Rising population
- High inflation rates
- Inadequate infrastructure
- Rise in inequality
Class XI- Economics- Studymaterial- Indian Economic Development- Indian economy 1950-1990