ID | 116245 |
Title Proper | Economic planning as an integrative mechanism in India |
Other Title Information | changes and challenges after economic liberalization |
Language | ENG |
Author | Nayar, Baldev Raj |
Publication | 2012. |
Summary / Abstract (Note) | Besides its principal purpose to plan for economic development, India's Planning Commission has also served as an influential integrative mechanism for the economy and nation, both spatially and socially. Despite economic liberalization, the state found the commission to be an eminently useful public policy instrument and has continued to retain it. The commission has proven to be a flexible and adaptable organization, receptive to new ideas. Since liberalization, its approach to planning has changed (a) from comprehensive planning to indicative planning; (b) from planning for state hegemony to adapting to private sector expansion; (c) from planning for a producer state to planning for a quasi-welfare state; and (d) from centralization to coordination in planning. Challenges abound, however. The commission's key role in economic integration both over the short and long run, particularly as a link between the center and states, nonetheless makes it worthy of strengthening, not weakening. |
`In' analytical Note | India Review Vol. 11, No.4; Oct-Dec 2012: p.226-258 |
Journal Source | India Review Vol. 11, No.4; Oct-Dec 2012: p.226-258 |
Key Words | India ; Economic Development ; India's Planning Commission ; Economic Liberalization |