Welfare Economics
INDIAN INSTITUTE
OF PLANNING & MANAGEMENT BHUBANESWAR
WELFARE ECONOMICS
Assignment on Five Year Plans in INDIA
Submitted to:
Prof. Bhabani mohapatra Prepared By ANAND JOGLEKAR
ANIL KUMAR SAHOO
BIRAJA KALYAN DAS
ABHISHEK DARJEE
INTRODUCTION:
The economy of India is based in part on planning through its five-year plans, developed, executed and monitored by the Planning Commission. With the Prime Minister as the ex officio Chairman, the commission has a nominated Deputy Chairman, who has rank of a Cabinet minister. Montek Singh Ahluwalia is currently the Deputy Chairman of the Commission. The tenth plan completed its term in March 2007 and the eleventh plan is currently underway.
The Planning Commission in India was set up on March 1950 to promote a rapid rise in the standard of living of the people by utilizing the resources of the country, increasing production and offering employment opportunities to all. The Planning Commission has to make periodic assessment of all resources in the country, boost up insufficient resources and formulate plans for the most efficient and judicious utilization of resources.
Following are the functions of the Planning Commission of India: * To make an assessment of the resources of the country and to see which resources are deficient. * To formulate plans for the most effective and balanced utilization of country's resources. * To indicate the factors which are hampering economic development. * To determine the machinery, that would be necessary for the successful implementation of each stage of plan. * Periodical assessment of the progress of the plan. * With the changing times, the Planning commission is preparing itself for long term vision for the
OF PLANNING & MANAGEMENT BHUBANESWAR
WELFARE ECONOMICS
Assignment on Five Year Plans in INDIA
Submitted to:
Prof. Bhabani mohapatra Prepared By ANAND JOGLEKAR
ANIL KUMAR SAHOO
BIRAJA KALYAN DAS
ABHISHEK DARJEE
INTRODUCTION:
The economy of India is based in part on planning through its five-year plans, developed, executed and monitored by the Planning Commission. With the Prime Minister as the ex officio Chairman, the commission has a nominated Deputy Chairman, who has rank of a Cabinet minister. Montek Singh Ahluwalia is currently the Deputy Chairman of the Commission. The tenth plan completed its term in March 2007 and the eleventh plan is currently underway.
The Planning Commission in India was set up on March 1950 to promote a rapid rise in the standard of living of the people by utilizing the resources of the country, increasing production and offering employment opportunities to all. The Planning Commission has to make periodic assessment of all resources in the country, boost up insufficient resources and formulate plans for the most efficient and judicious utilization of resources.
Following are the functions of the Planning Commission of India: * To make an assessment of the resources of the country and to see which resources are deficient. * To formulate plans for the most effective and balanced utilization of country's resources. * To indicate the factors which are hampering economic development. * To determine the machinery, that would be necessary for the successful implementation of each stage of plan. * Periodical assessment of the progress of the plan. * With the changing times, the Planning commission is preparing itself for long term vision for the