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ECONOMIC PLANNING IN

INDIA

Prepared by:-Ravi Ahuja

Anurag Gelani

SheetalVerma

Akanksha Goswami

Bhavin Rathod

STUDENT OF BHILAI BUSINESS SCHOOLBHILAI CHATTISHGARH


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Economic Planning is to make decision with respect to

the use of resources.

In communist countries the government makes both

micro- and macroeconomic decisions.

Microeconomic decisions include what goods andservices to produce, the quantities to produce, the prices

to charge, and the wages to pay.

Macroeconomic decisions include the rate of

investment and the extent of foreign trade.

Economic planning in India was stared in 1950 isnecessary for economic development and economic

growth.


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Mess Poverty And Low Per Capita Income

High Rate of Growth of Population.

Industrial Growth Was Negligible.

Low Level of Literacy.Backward Technology.

Traditional Attitude.

Social And Economic Problem Created By

Partition Of Country.


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Economic Growth.

Reduction Of Economic In

Equalities.

Balanced Regional Development.Modernization.

Reduction Of Unemployment.


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Planning commission of India was setup in March1950 by government of India. The task beforeplanning commission of India are:-

Effective Utilization of Resources.

Prepare Five Year Plan Along With its Objective.

Co-ordination with State Government of India ForExecution of Plan.

Determination Of Priorities, Stages Of Plan and

Propose of Allocation Of Resources For DueCompletion Of Stages.


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Chairman- Dr. Manmohan Singh

Prime Minister

Deputy Chairman- Shri Montek singhAhluwalia

Member Secretary- Shri Rajeev Ratna

Shah


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Income & Poverty

Accelerate growth rate of GDP from 8% to 10% and

then maintain at 10% in the 12th Plan in order to

double per capita income by 2016-17.

Increase agricultural GDP growth rate to 4% per year.

Reduce educated unemployment to below 5%.

Raise real wage rate of unskilled workers by 20

percent.


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Reduce dropout rates of children fromelementary school from 52.2% in 2003-04 to20% by 2011-12.

Increase literacy rate for persons of age 7 yearsor more to 85%.

Lower gender gap in literacy to 10 percentagepoints.

Increase the percentage of each cohort going tohigher education from the present 10% to 15%by the end of the 11th Plan.


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Provide clean drinking water for all by 2009 and

ensure that there are no slip-backs by the end of

the 11th Plan.

Reduce malnutrition among children of age group0-3 to half its present level.

Reduce anemia among women and girls by 50%

by the end of the 11th Plan.


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Ensure that at least 33 percent of the direct and

indirect beneficiaries of all government schemes

are women and girl children.

Ensure that all children enjoy a safe childhood,without any compulsion to work


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Ensure electricity connection to all villages and BPLhouseholds by 2009 and round-the-clock power bythe end of the Plan.

Ensure all-weather road connection to all habitationwith population 1000 and above (500 in hilly and tribalareas) by 2009, and ensure coverage of all significanthabitation by 2015.

Connect every village by telephone by November2007 and provide broadband connectivity to allvillages by 2012.

Provide homestead sites to all by 2012 and step up

the pace of house construction for rural poor to coverall the poor by 2016-17.


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Increase forest and tree cover by 5 percentage

points.

Attain WHO standards of air quality in all major

cities by 2011-12.Treat all urban waste water by 2011-12 to clean

river waters.

Increase energy efficiency by 20 percentage

points by 2016-17


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Economic Planning help in mobilizing andallocating the resources in desired manner.

Objective of economic planning is to reduceinequality, economic growth, balanced regionalgrowth, modernization.

Each five year plan aims at achieving certaintarget. Five year plan constitute the steps towardthe fulfillment of objectives of economic planning.


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