Nature of Indian Economic Planning

The main features of economic planning in India in order to understand the exact nature of planning in this country.

Indicative economic planning : Under this type of economic planning free markets are fully preserved. In the earlier phase of economic planning in India, the state created a comprehensive system to regulate the activities of the private sector. Since the beginning of the liberalization process, the regulatory system has, more or less, been dismantled. The government is no longer inclined to introduce any type of controls, so much so that even the fiscal and monetary controls have been withdrawn. However, this does not limit the scope of planning. The state can still go to any extent in the pursuit of planning and put restrictions __________ __________ _______ ________ ______ ________ ___.
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