Which among the following are achievements of planning in India? (i) Increase in per capita income (ii) Increase in employment opportunities (iii) Progress in industry (iv) Development of Science and Technology
(i), (iii) and (iv) only
Economic planning in India through the Five Year Plans is judged by what it delivered in income, production, technology and jobs.
Statement (i) is an achievement: national income and per capita income rose steadily over the plan period compared with the stagnation before 1951.
Statement (iii) is an achievement: planning built a broad industrial base, with steel plants, heavy engineering, power and public sector undertakings expanding rapidly.
Statement (iv) is an achievement: planned investment created institutions for atomic energy, space research, scientific laboratories and technical education, giving India a large scientific and technical manpower.
Statement (ii) is not counted as an achievement: employment generation lagged behind the growth of the labour force, and rising unemployment is listed among the failures of planning. So (i), (iii) and (iv) are the achievements.
(i), (iii) and (iv) only option is correct.
Important Questions from Economic Reforms
- The following items consist of two statements, Statement I and Statement II Examine these two statements carefully and select the correct answer using the code given below :
Statement I: Dadabhai Naoroji argued that what was being drained out was 'potential surplus' that could generate more economic development in India if invested in India
Statement II: Imperialists believed that India was brought into the large capitalist world market and that was in itself a progress towards modernization - Which one of the following statements about the Colonial economy is NOT correct?
Planning in India focused at realising a high rate of growth of output in the long term. A basic assumption was that shortage of capital goods in relation to employable persons constituted a fundamental constraint on growth in the economy. Therefore the planning process made no focus on economic growth was viewed as essential for improving the employment situation.
Which are the following is best implied in the given passage?
