Subject: Economics
Book: Comprehensive Indian Economy
Post-independence, India adopted Five-Year Plans inspired by socialist economic planning, focusing on industrial development, self-sufficiency, and poverty reduction. Over time, criticisms about rigid targets and inefficiencies grew. Eventually, a new planning paradigm emerged, dismantling the Planning Commission and replacing it with a more flexible institutional approach. This shift aims to promote cooperative federalism and encourage bottom-up policy initiatives. From an exam perspective, students should note the main objectives and outcomes of each Five-Year Plan, why the old model was replaced, and how the current framework focuses on strategic, medium-term policy agendas.
What does the “Phillips Curve” show?
View QuestionWhat is the main objective of disinvestment in public sector undertakings (PSUs)?
View QuestionWhat is “inclusive growth”?
View QuestionWhat is the primary goal of a progressive tax system?
View QuestionWhat does the term "depreciation" refer to in the context of assets?
View QuestionWhich term refers to an economy that has elements of both capitalism and socialism?
View QuestionWhat is the concept of “invisible hand” associated with?
View QuestionWhich of the following is a feature of monopolistic competition?
View QuestionWhich of the following is a feature of a command economy?
View QuestionWhat is the objective of the Pradhan Mantri Jan Dhan Yojana?
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