The main objectives of economic planning in india?

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Objectives of Economic Planning in India

Economic planning in India refers to the process by which the government formulates policies and strategies to achieve specific economic objectives. The main objectives of economic planning in India are:

Accelerated economic growth: The main objective of economic planning in India is to achieve accelerated economic growth through the optimal utilization of resources. This is achieved by increasing the rate of investment, promoting industrialization, and improving the productivity of agriculture and allied sectors.

Reduction in regional disparities: India is characterized by wide regional disparities in terms of income, infrastructure, and human development. Economic planning aims to reduce these regional disparities by promoting balanced regional development.

Poverty alleviation: India has a high incidence of poverty, and economic planning aims to alleviate poverty by promoting equitable distribution of income and wealth, and by providing basic amenities and services to the poor.

Employment generation: Economic planning aims to generate employment opportunities by promoting labor-intensive industries, providing skill training to the workforce, and promoting entrepreneurship.

Modernization of agriculture: Agriculture is the backbone of the Indian economy, and economic planning aims to modernize agriculture by providing irrigation facilities, credit facilities, and technology support to farmers.

Infrastructure development: Infrastructure development is essential for economic growth, and economic planning aims to develop infrastructure in the form of roads, railways, ports, airports, and power generation facilities.

Foreign trade: Economic planning aims to promote foreign trade by increasing exports and reducing imports, and by attracting foreign investment into the country.

Environmental sustainability: Economic planning aims to promote environmental sustainability by ensuring that economic growth is achieved in a sustainable and environmentally-friendly manner.

Overall, the main objective of economic planning in India is to achieve inclusive and sustainable growth, which benefits all sections of society, and which is achieved in a socially and environmentally responsible manner.

Answer

India is to Achieve inclusive and sustainable growth, which benefits all sections of society, and which is achieved in a socially and environmentally responsible manner.

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