What is a perspective plan?

Solution

A plan spells out how the resources of a nation should be put to use. A plan should have some general goals as well as specific objectives which are to be achieved within a specified period oftime. In India, plans are of five years duration and are called five-year plans. Our plan documents not only specify the objectives to be attained in the five years of a plan but also what is to be achieved over a period of twenty years. This long term plan is called perspective plan. The five-year plans are supposed to provide the basis for the perspective plan.

Some More Questions From Indian Economy 1950-1990 Chapter

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Indian Economy 1950-1990

What is a perspective plan?

Some More Questions From Indian Economy 1950-1990 Chapter

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?

Where is the provision for economic and social planning in our Constitution?

Why is agriculture called the backbone of Indian Economy?

What is meant by agriculture?

What are the main causes of backwardness of Indian agriculture?

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