HPSC (Haryana) Exam > HPSC (Haryana) Videos > Crash Course for Haryana Public Service Commission (HPSC) > Economy: Planning in India - 4
Economy: Planning in India - 4 Video Lecture | Crash Course for Haryana Public Service Commission (HPSC) - HPSC (Haryana)
FAQs on Economy: Planning in India - 4 Video Lecture - Crash Course for Haryana Public Service Commission (HPSC) - HPSC (Haryana)
| 1. What is the significance of planning in the Indian economy? |  |
Ans.Planning plays a crucial role in the Indian economy as it helps in the systematic allocation of resources, setting developmental goals, and addressing issues such as poverty, unemployment, and inequality. It aims to create a balanced economic growth that can benefit all sections of society and ensure sustainable development.
| 2. What are the main objectives of economic planning in India? | |
Ans.The primary objectives of economic planning in India include achieving economic growth, reducing inequality, improving living standards, creating employment opportunities, and ensuring the efficient use of resources. It also focuses on promoting social justice and enhancing the quality of life for citizens.
| 3. How has the approach to economic planning evolved in India over the years? | |
Ans.Economic planning in India has evolved from a centralized approach during the initial years post-independence, focusing on state-led development, to a more decentralized and market-oriented strategy. This shift has included greater emphasis on private sector participation and public-private partnerships to foster innovation and competitiveness.
| 4. What are the key features of the Five-Year Plans in India? | |
Ans.The Five-Year Plans in India are characterized by their focus on setting specific targets for economic growth, sectoral development, and social welfare. They include a detailed analysis of resource availability, a framework for investment, and mechanisms for monitoring and evaluation to ensure the effective implementation of development projects.
| 5. How do government policies influence economic planning in India? | |
Ans.Government policies significantly shape economic planning in India by establishing the regulatory framework and incentive structures that guide economic activities. Policies related to taxation, trade, investment, and social welfare directly impact the planning process, determining priority areas for development and resource allocation.
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Oct 21, 2025
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