Main Objectives of Economic Planning in India

Economic planning in India aims to achieve sustainable growth and improve the quality of life for its citizens. Here are the key objectives:

1. Economic Growth

• Goal: Increase the national income and GDP.
• Illustration: Investments in infrastructure like roads and railways boost production and create jobs.

2. Employment Generation

• Goal: Reduce unemployment rates.
• Illustration: Skill development programs help youth find jobs in various sectors.

3. Poverty Alleviation

• Goal: Improve living standards and reduce poverty.
• Illustration: Schemes like MGNREGA provide financial support to rural households.

4. Equity and Social Justice

• Goal: Ensure fair distribution of resources.
• Illustration: Reservation policies help marginalized communities gain access to education and employment.

5. Regional Development

• Goal: Balance development across different regions.
• Illustration: Special economic zones in underdeveloped areas promote industrial growth.

These objectives work together to promote a stable and prosperous economy for all citizens.