HPSC (Haryana) Exam > HPSC (Haryana) Videos > Crash Course for Haryana Public Service Commission (HPSC) > Economy: Planning in India - 1
Economy: Planning in India - 1 Video Lecture | Crash Course for Haryana Public Service Commission (HPSC) - HPSC (Haryana)
FAQs on Economy: Planning in India - 1 Video Lecture - Crash Course for Haryana Public Service Commission (HPSC) - HPSC (Haryana)
| 1. What is the significance of planning in India's economic development? |  |
Ans.Planning plays a crucial role in India's economic development as it helps in setting long-term goals and priorities for the country's growth. It aims to utilize resources efficiently, reduce regional disparities, and promote sustainable development. The planning process enables the government to implement various strategies that align with national objectives, such as poverty alleviation, employment generation, and infrastructure development.
| 2. What are the main objectives of economic planning in India? | |
Ans.The main objectives of economic planning in India include promoting economic growth, reducing poverty and unemployment, ensuring equitable distribution of resources, enhancing social welfare, and achieving self-reliance. Additionally, planning aims to improve the standard of living and provide quality education and healthcare to the population.
| 3. How has India's planning approach evolved over the years? | |
Ans.India's planning approach has evolved from an emphasis on centralized planning during the early years after independence to a more decentralized and participatory approach in recent decades. Initially, the focus was on heavy industries and agriculture through Five-Year Plans, but now there is greater attention on sustainable development, technology, and the private sector's role in economic growth.
| 4. What are the key features of the Five-Year Plans in India? | |
Ans.Key features of the Five-Year Plans in India include setting specific targets for economic growth, allocation of resources for various sectors, emphasis on social justice and equity, and regular evaluation of progress. Each plan outlines strategies for different sectors such as agriculture, industry, and services, and incorporates feedback to improve future planning.
| 5. How does economic planning address regional disparities in India? | |
Ans.Economic planning addresses regional disparities in India through targeted interventions in underdeveloped areas by allocating resources and funds specifically for development projects. Initiatives such as special economic zones, infrastructure development, and skill training programs aim to promote balanced regional development and uplift marginalized communities, ensuring that growth is inclusive.
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Oct 21, 2025
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