Economic Planning in India (1951-52 to 2006-07)

The process of planned economic development in India Began with the launching of First Five Year Plan in April 1951. The main objective of planning was identified as that of initiating a process of development which will raise living standards and open out to the people new opportunities for a richer and more varied life. The manner in which this objective has been translated into specific objectives has varied from Plan to Plan. However, in a broad sense, the basic objectives of planning in India can be grouped under four heads: growth, modernization, self-reliance and social justice. In one form or another, these objectives, albeit with varying emphasis, reflect the views of all sections of the population and represent a national consensus on the aims of planning. Since 1951, India has completed nine Five Year Plans and the implementation of the Tenth Five Year Plan (2002-07) is underway. Part I of this work provides a detailed description and commentary on the processes and procedures of economic planning in India, in particular the institutional framework for planning, mechanism of transferring resources from the Centre to the States for plan purposes, objectives of planning and an assessment of achievements. Part II of the book contains abridged versions of Final Plan Documents from First Five Year Plan (1951-56) to Tenth Five Year Plan (2002-07) including Mid-Term Appraisal of the Tenth Plan released in June 2005. Part III contains time-series data (1950-51 to 2004-05) on Indian economy which would be useful for a cross-section of academic community and researchers, both in India and abroad. Part IV contains glossary of select terms used in Plan Documents. Part IV contains glossary of select terms used in Plan Documents. Part V provides English equivalents of Hindi terms used in Plan Documents. This work, it is hoped, would prove useful for the students of economics, commerce, public administration and business management. An understanding of the planning procedures will also serve the needs of legislators, administrators and those in industry and trade.