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Indian Economy 1950-1990

Question

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What is directive planning?

Solution

Directive planning refers to that system in which planning is introduced just to direct the forces of supply and demand so that system does not lose its stability or the state of equilibrium. In such a planning, there is no direct participation of the state in the process of growth. It is like the directing the private sector. 'What to do and What not to do' so that national interest does not suffer while individual gains are allowed to be maximized.

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