Discuss the steps that have been taken since liberalization to reorient the role of planning in India?

Since the liberalization era that began in 1991, India has witnessed a transformative journey in its development paradigm. Liberalization marked a shift from a controlled and centrally planned economy to a more open and market-oriented one. This shift not only brought about economic reforms but also necessitated a reevaluation of the role of planning in the country. This essay will delve into the steps taken since liberalization to reorient the role of planning in India, highlighting key policy changes and their impact on the country's development trajectory.

I. Liberalization and Economic Reforms:

The liberalization of the Indian economy in 1991 was a watershed moment that initiated a departure from the traditional socialist planning model. The focus shifted from a state-controlled economy to one that embraced market ____ ___ ____ _________ ___.
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