10.ECONOMIC PLANNING
IN INDIA
, INTRODUCTION
In the year 1950, the Government of India established the Planning
Commission. The Prime Minister has been designated as Ex-Officio Chairman
of the Planning Commission. Planning Commission consisted of experts from
various fields such as banking, finance, industry etc. It was responsible for the
formulation of economic plans.
, MEANING AND DEFINITION
Economic planning is a time bound programme to achieve certain objectives
with the help of available resources by the planning authority.
According to Mrs. Barbra Wooten :
“Planning is a conscious and deliberate choice of economic priorities by
some public authority”.
IN INDIA
, INTRODUCTION
In the year 1950, the Government of India established the Planning
Commission. The Prime Minister has been designated as Ex-Officio Chairman
of the Planning Commission. Planning Commission consisted of experts from
various fields such as banking, finance, industry etc. It was responsible for the
formulation of economic plans.
, MEANING AND DEFINITION
Economic planning is a time bound programme to achieve certain objectives
with the help of available resources by the planning authority.
According to Mrs. Barbra Wooten :
“Planning is a conscious and deliberate choice of economic priorities by
some public authority”.
