Economic Planning in India: Did We Throw the Baby Out with the Bathwater?

Ajay Chhibber

Working Papers from The George Washington University, Institute for International Economic Policy

Abstract: India has a long and a somewhat checkered history of planning - with some success but also many failures. Despite India's federal structure India's approach to planning has been top-down with the union government controlling many levers - financial and otherwise to determine the direction of the economy and social programs. India has tried 3 different types of planning - "directed planning", "indicative planning" and now just a "strategy but no planning". India needed to replace the Planning Commission but not give up on planning altogether. Just as the rest of the world was going back to a "new planning" surge to handle climate change and the desire to meet the SDG's India abolished planning altogether. The successor to the planning commission - the Niti Aayog needs to get back to "new planning", that is now being adopted by many countries with stronger leadership, a legitimized authorizing environment and effective use to plan for helping India achieve the SDGs by 2030 and become a prosperous country by 2047.

Keywords: Economic Planning; Niti Aayog; Planning Commission; SDG's (search for similar items in EconPapers)
JEL-codes: O1 O2 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2022-03
New Economics Papers: this item is included in nep-cwa and nep-env
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:gwi:wpaper:2022-03

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