Q2 of 13 Page 244

What are the major failures of Indian planning?

Following are the major failures:

a. The slow growth rate in various sector and minimal development. The growth rates have been lower than those projected.


b. Slow growth in production but the high rise in population has increased demand and hence the prices of goods and services have increased.


c. The economic policies were inward-looking and did not focus on export growth, and hence the export sector is still struggling to earn foreign exchange.


d. The poverty has been the major problem combined with inequality in wealth and income distribution.


e. Inadequate development of infrastructure such as transportation, irrigation, power, health facilities etc, have caused hindrance in development.


f. Poor bureaucratic structure of the government combined with dishonesty, corruption, and red tape has been a major obstacle for growth.


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