Question

Why did India opt for planning?

Solution

India opted for planning because planning helps in sorting out how the resources of a nation should be put to use efficiently and economically so that the rate of economic development can be accelerated.

Some More Questions From Indian Economy 1950-1990 Chapter

Who formulate plans in India?

Who floated the idea of planning in India first of all?

How many plans have been completed in India so far?

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Indian Economy 1950-1990

Why did India opt for planning?

Some More Questions From Indian Economy 1950-1990 Chapter

Who formulate plans in India?

Who floated the idea of planning in India first of all?

How many plans have been completed in India so far?

Define capitalist economy.

What is a socialist economy?

What is mixed economy?

What is meant by economic growth?

What structural change undergoes with development of the economy?

Name the sectors from which the GDP of a country is derived.

On which idea is the policy of 'land to tiller' is based?

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