Why did India opt for plan?And …
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Posted by Diksha Jindal 5 years, 8 months ago
- 2 answers
Yogita Ingle 5 years, 8 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.
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Khushi Varshney 5 years, 8 months ago
1Thank You