No products in the cart.

Why did India opt for plan?And …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Why did India opt for plan?And what isthe meaning of opt?
  • 2 answers

Khushi Varshney 5 years, 3 months ago

opt means to choose

Yogita Ingle 5 years, 3 months ago

A plan spells out how the resources of a nation should be put to use. It should have some general goals as well as specific objectives which are to be achieved within a specified period of time.

At the time of independence, the Indian economy was in its worst stage. The GDP, National and Per Capita income were very low and the unemployment was very high. The Industrial growth was insignificant also the Agricultural Sector was not doing well. The resources were very limited. So India opted for planning because it helps in spelling out how the resources of a nation should be used efficiently and economically, so that rate of economic growth can be accelerated.

http://mycbseguide.com/examin8/

Related Questions

What is receipt?
  • 0 answers
Explain the limitation of GDP as wellfare
  • 1 answers
What is deficit ?
  • 1 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App