That doesn’t really surprise a majority of economists and analysts. Says well known economist, Jay Dubashi, “In my view, it is an anachronism to have a market economy a n d five year plans together. It is not possible. Both are contradictions in terms.” Of course, no one denies that planning remains a critical requirement even for modern capitalistic economies (See box). Yet, those are the strategies adopted by policy makers for Five Year Plans and the manner in which they are implemented that have spelt doom for the otherwise noble aspirations of Five Year Plans. The Tenth Five Year Plan is a classic example of why and how planning – despite its immense promise and potential – has failed in India.
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Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
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Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Read more:-
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