India’s leaders adopted the principle of formal economic planning soon after independence as an effective way to intervene in the economy to foster growth and social justice. Fiver decades of planning show that India’s economy, a mix of public and private enterprise, is too large and diverse to be wholly predictable or responsive to directions of the planning authorities. Actual results usually differ in important respects from plan targets. Even though the plans have turned out to be less effective than expected, they help guide investment priorities, policy recommendations, and financial mobilisation. This book deals with various aspects of economic planning and development in India. The reforms in Indian economy and related problems and prospects have been studied extensively. It also examines the impact of various socioeconomic policies and programmes on the intended groups. This book will be a very useful reference tool for students, teachers, research scholars, policy makers and planners in the field.
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