Basic strategy of indian planning

business environment

1. BASIC STRATEGY OF INDIAN PLANNING

2. MEANING Strategy refers to the detailed actions and policies which are to be adopted to achieve definite objectives.

3. MAIN ELEMENTS OF STRATEGY OF INDIAN PLANNING WIDE SCOPE MIXED ECONOMY MORE IMPORTANCE TO PUBLIC SECTOR GROWTH OF SAVING AND INVESTMENT EMPLOYMENT ORIENTED BALANCED REGIONAL DEVELOPMENT SELF RELIANCE PROGRESS PF BACKWARD CLASSES EDUCTION SOCIAL WELFARE

4. STRATEGY OF ELEVENTH PLAN 2007-2012 “Faster and More Inclusive Growth” To achieve rapid growth Benefits of growth for all sections of population especially rural areas Double growth rate of agriculture Health and education Double digit growth in manufacturing sector Employment opportunities Focus on private sector Development of infrastructure Control over inflation Technology up gradation Promoting foreign investment Protecting environment

5. STRATEGY OF TWELFTH PLAN 2012-2017 “Faster, Sustainable and More Inclusive Growth ” Improve standard of living To boost agriculture sector to control food inflation Sustainable Growth in manufacturing sector To boost service sector for faster economic development To boost growth in export sector by setting up more SEZs, NIMZs and Agri -Export Zones Skill development To encourage PPP Development of backward states To boost R&D

6. ACHIEVEMENTS OF THE STRATEGY Industrial development’ Export-Promotion and Import Substitution Development of infrastructure Promotion of R&D Agricultural development Promotion of social services

7. Failures of strategy Slow economic growth Failed to achieve balanced regional development Unemployment Increase in prices Poverty ( 21.9% of population is living below poverty line)