Business System Latest Five year plan, undefined for Business System. Indian Institute of Information Technology (IIIT)

Business System

Description: In this document topics covered which are Five Year Plans, Meaning of Plan, History of Indian Planning, Glances, What is the Planning Commission?, Whom does the Planning Commission report to?.
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Five Year Plans
Five Year Plans
Meaning of Plan
Meaning of Plan
An economic plan may be described as a
An economic plan may be described as a
specific set of quantitative economic targets to
specific set of quantitative economic targets to
be achieved in a given period of time.
be achieved in a given period of time.
Just as the goals of a political system are
Just as the goals of a political system are
spelled out in a constitution, so the goals of an
spelled out in a constitution, so the goals of an
economy are spelled out in a Plan.
economy are spelled out in a Plan.
However, unlike the constitution the Plan is
However, unlike the constitution the Plan is
transitory.
transitory.
History of Indian Planning
History of Indian Planning
National Planning Commission (1938)
National Planning Commission (1938)
British govt. set up an officer (1944)
British govt. set up an officer (1944)
Bombay Plan (15 years)
Bombay Plan (15 years)
People’s Plan (10 years)
People’s Plan (10 years)
Gandhian Plan
Gandhian Plan
Planning Commission
Planning Commission
Glances
Glances
The National Planning Committee with Jawaharlal Nehru as its
The National Planning Committee with Jawaharlal Nehru as its
chairman laid its emphasis on the need for fundamental changes
chairman laid its emphasis on the need for fundamental changes
in the social and economic structure.
in the social and economic structure.
Bombay Plan which emphasized industrialization was sponsored
Bombay Plan which emphasized industrialization was sponsored
by India’s distinguished industrialists.
by India’s distinguished industrialists.
The People’s Plan promoted by M. N. Roy and the Indian
The People’s Plan promoted by M. N. Roy and the Indian
Federation of Labour emphasized the expansion of the public
Federation of Labour emphasized the expansion of the public
sector in the economy.
sector in the economy.
Gandhian Plan prepared by S. Narayan emphasized on rural
Gandhian Plan prepared by S. Narayan emphasized on rural
reconstruction involving massive development of agriculture and
reconstruction involving massive development of agriculture and
cottage industries.
cottage industries.
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