UPSCEconomyIntroduction to Planning
Economy UPSC

Introduction to Planning

Reading time: 8 min Topic: Economy and Development

What this covers

  1. Types of planning
  2. Objectives of Planning-
  3. Evolution of Economic planing in India-
  4. Planning Commission and NDC

Planning in India

Planning is a scheme of economic organization in which individual and separate plants, enterprises, and industries are treated as coordinate units of one single system for the purpose of utilizing available resources to achieve the maximum satisfaction of the people’ s needs within a given time

Types of planning

There are different types of Planning

1.Imperative Planning-

2.Indicative planning-

3.Rolling Plans & Fixed Plans-

Rolling Plans-

Fixed planning-

4.Long term & Short term planning-

5.Centralized and  Decentralized planning

Centralized planning-

Decentralized planning

Objectives of Planning-

Evolution of Economic planing in India-

1.Dadabhai Naoroji-

2.Visvesvaraya Plan- 1934 -

3.National Planning Committee (NPC)-1938-

4.Bombay Plan-1944-

Main objective -

It was not officially accepted.

5.People’s Plan-1944

6.Gandhian Plan-1944

7.Planning Advisory Board-1946

8.Sarvodaya Plan-

Planning Commission and NDC

Planning Commission

National Development Council (NDC)


Important one Liner Questions and Answers on Introduction to Planning in India.


What is Planning in India?

A scheme of economic organization where individual units coordinate as one system to maximize the satisfaction of people's needs within a given time.


What are the types of planning?

Imperative planning, indicative planning, rolling plans & fixed plans, long-term & short-term planning, centralized planning, and decentralized planning.


What is imperative planning?

A type of planning where a central planning authority makes economic decisions instead of a market system, and the state decides the goals and strategies of the economy.


What is indicative planning?

A type of planning that recognizes both consumer sovereignty and producer's freedom and includes private and public bodies in the planning process.


Which type of planning is followed in India?

Indicative planning is followed in India.


What are rolling plans?

Rolling plans are plans that assess the performance of the previous year and make a new plan based on that assessment, and there are three kinds of plans: current, fixed, and perspective.


What are fixed plans?

Fixed plans set goals and targets for a fixed period, such as 5 or 6 years.


What is short-term planning?

Short-term planning refers to planning for a short period, such as one or two years.


What is long-term planning?

Long-term planning refers to planning for a longer period, such as 10, 15, or 20 years.


What is centralized planning?

Centralized planning involves taking the majority of decisions at a single level, such as the central government in India.


What is decentralized planning?

Decentralized planning involves the involvement of all stakeholders, such as state and district-level authorities, in the planning process.


What are the objectives of planning?

The objectives of planning are to increase employment and utilize the demographic dividend, remove socio-economic problems, develop basic infrastructure, develop social infrastructure, strengthen the market mechanism, ensure social justice and equality, reduce both social and income inequality, and increase the standard of living and per capita income of people.


Who initially advocated economic planning in India?

Dadabhai Naoroji initially advocated economic planning in India in his article ‘Poverty of India’ in 1878.


Who presented a draft to double the national income in a decade in 1934?

Sir M. Visvesvaraya presented a draft to double the national income in a decade in 1934.


What was the National Planning Committee?

The National Planning Committee was the first attempt to develop a national plan for India, established by Congress President Subhash Chandra Bose in 1938 under the chairmanship of Jawaharlal Nehru.


What was the Bombay Plan?

The Bombay Plan was a draft formulated by eight leading industrialists, such as JRD Tata and GD Birla, outlining a plan of economic development for India in 1944.


What was the main objective of the Bombay Plan?

The main objective of the Bombay Plan was to double the output of the agricultural sector and achieve a five-fold growth in the industrial sector in 15 years.


Who formulated the People's Plan?

MN Roy, the communist leader, formulated the People's Plan in 1944.


What was the focus of the People's Plan?

The focus of the People's Plan was the development of the agricultural sector and the control of government resources.


Who prepared the Gandhian Plan?

Shriman Narayan and Acharya S.N. Agarwala prepared the Gandhian Plan in 1944.


What was the focus of the Gandhian Plan?

The focus of the Gandhian Plan was on promoting a decentralized economic structure for India with self-contained villages.


 

Study this topic four ways

Get these notes as a beautiful visual layout, a mind map for quick revision, and audio you can listen to on the move — plus practice questions — in the PrepLotus app.

Coming soon to Google Play
Disclaimer: PrepLotus is an independent exam-preparation platform, not affiliated with any government body.