Economic Planning in India

1. Economic Growth: The GDP growth rate increased from around 3% during the initial plans to over 6% in later years.
2. Industrial Development: Established a strong base for industries, particularly in sectors like steel, coal, and heavy machinery.
3. Infrastructure Development: Expansion of roads, railways, electricity generation, and irrigation systems.
4. Agricultural Improvements: The Green Revolution increased agricultural productivity, ensuring food s

Economic planning involves designing strategies for achieving economic development. The two main types of planning are Indicative Planning and Imperative Planning. These approaches differ in their methodologies and application.

The Planning Commission and NITI Aayog are two key institutions in India's economic planning history. The transition from the Planning Commission to NITI Aayog marked a shift in India’s approach to development planning and governance.