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A key principle of the Bombay Plan was that the economy could not grow without government intervention and regulation. Under the assumption that the fledgling Indian industries would not be able to compete in a free-market economy, the Plan proposed that the future government protect indigenous industries against foreign competition in local ...
Economic analysts have argued that the economy of the Soviet Union actually represented an administrative or command economy as opposed to a planned economy because planning did not play an operational role in the allocation of resources among productive units in the economy since in actuality the main allocation mechanism was a system of ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 4 February 2025. Integrated Schematic National Programs for Economic Development This article is part of a series on the Politics of India Constitution Amendment Basic structure doctrine Fundamental Rights, Directive Principles and Fundamental Duties of India Human rights Judicial review Taxation Uniform ...
A planned economy is a type of economic system where investment, production and the allocation of capital goods takes place according to economy-wide economic plans and production plans. A planned economy may use centralized , decentralized , participatory or Soviet-type forms of economic planning .
The reform process had significant effects on the Indian economy, leading to an increase in foreign investment and a shift towards a more services-oriented economy. The impact of India's economic liberalisation policies on various sectors and social groups has been a topic of ongoing debate.
[26] [27] Again in 2022, a new controversy started when both CBSE and NCERT removed topics regarding Islamic Empires in the class 12 history textbook and chapters like “Challenges to Democracy” in the class 10 political science subject and many others, saying it is necessary to reduce syllabus to reduce examination pressure on students by ...
"It is not possible to think of an average of 9 per cent (in 12th Plan). I think somewhere between 8 and 8.5 per cent is feasible", Mr Ahluwalia said on the sidelines of a conference of State Planning Boards and departments. The approached paper for the 12th Plan, approved last year, talked about an annual average growth rate of 9 per cent.
The Licence Raj was believed by some to be hindering economic growth and preventing the Indian economy from reaching its full potential. This belief was based on the idea that the government's heavy intervention in the market was stifling economic activity and hampering the ability of the economy to grow and develop. [38]