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Trace the major successes and limitations of five-year plans in India. What were the major drawbacks of the planning commission?

Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.

6. Trace the major successes and limitations of five-year plans in India. What were the major drawbacks of the planning commission? (250 words)

Difficulty level: Easy

Reference: Insights on India

Why the question:

The question is part of the static syllabus of General studies paper – 3 and mentioned as part of Mission-2023 Secure timetable.

Key Demand of the question:

To write about the successes and limitations of five-year plans and the limitations of planning commission.

Structure of the answer:

Introduction: 

Begin by giving a brief about aims of the planning commission.

Body:

First, in detail write about the growth of Indian economy in the various FYPs from the first plan to the twelfth plan. Write about its successes and limitations.

Next, write about the major limitations of the planning commission – No structural mechanism, Ineffective forum, one size fits all approach, bureaucratic inefficiency, inefficient allocation of resources, limited private sector participation etc.

Conclusion:

Conclude by mentioning the genesis of NITI Aayog.