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Strategies of Economic Planning in India

Strategies of Economic Planning in India: Nehru–Mahalanobis, Gandhian, and LPG Approaches

Introduction Economic planning has been the backbone of India’s developmental policy since independence. It refers to the systematic and deliberate allocation of resources by the government to achieve national goals like economic growth, poverty reduction, employment generation, and balanced regional development. However, achieving these goals required strategies — broad approaches that determine how the objectives…

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National Development Council (NDC)

Planning Commission and National Development Council (NDC) in India

Introduction Economic planning in India has been one of the most significant pillars of the nation’s developmental journey after Independence. To ensure the systematic and balanced economic growth of a newly independent nation, the Government of India established institutional mechanisms that could formulate, implement, and monitor development strategies. Two such crucial institutions were the Planning…

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Five-Year Plans in India

Five-Year Plans in India: History, Implementation, and the 15-Year Vision Document

Introduction Economic planning has been the cornerstone of India’s development strategy since independence. After centuries of colonial exploitation, India inherited an economy characterized by poverty, unemployment, low productivity, and regional imbalances. To overcome these challenges and promote rapid development, the Government of India adopted a system of planned economic growth, primarily through a series of…

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Economic Reforms in India

Economic Reforms in India: First-Generation and Second-Generation Reforms

Introduction Economic reforms refer to structural changes in policies, laws, and institutions undertaken by a government to improve the efficiency, productivity, and growth potential of an economy. They are aimed at liberalizing the economy, reducing inefficiencies, promoting competition, and integrating the country with the global economy. In the context of India, economic reforms have been…

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pcs mains examinations

Assessing the Success and Challenges of Make in India: Boosting Manufacturing and Employment

4o mini Introduction The Make in India initiative, launched in 2014 by Prime Minister Narendra Modi, aimed to transform India into a global manufacturing hub. With an emphasis on promoting domestic manufacturing and boosting employment, it sought to attract foreign investment, foster innovation, and build a self-reliant economy. The campaign encouraged global companies to set…

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