The basic aim of economic planning in India is to bring about rapid economic growth through development of agriculture, industry, power, transport and communications and all other sectors of the economy. After the failure of Nehru-Mahalanobis model of development to deliver the goods to the people, Liberalisation, Privatization and Globalisation (LPG) model of development was introduced in 1991 by the Finance Minister, of course, the present Prime Minister, Dr. ...
