Question

Explain in two or three sentences.

What was the basic objective of economic planning in India?

Answer 1

The basic objective of economic planning in India was to achieve rapid growth rate. In this regard, due emphasis must be given to the growth and development of the various sectors of the economy, namely, agriculture, industry and infrastructure. It was believed that it was only through rapid economic growth that various social and economic problems such as poverty, unemployment, inequality and economic stagnation could be effectively solved.