The basic objective of economic planning in India is to bring about economic development.
State with reasons whether you agree or disagree with the following statement:
The basic objective of economic planning in India is to bring about economic development.
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1 Answers
Yes, I do agree with the statement.
- When India got independence, it was caught in the vicious circle of poverty.
- There were many macroeconomic problems like food scarcity, illiteracy, mass communicable diseases, high mortality rate, etc.
- So economists felt that economic planning would be an ideal way to solve these problems and to achieve rapid economic development in India.
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