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India: Sixty Years of Planned Economic Development, 1950 to 2010

M M Sury (Author) Vibha Mathur (Author)
Synopsis The resource base of a country consists of (a) human resources, (b) non-renewable resources which are an endowment of nature and whose total size gets depleted with time and (c) renewable resources which can be continuously created and whose base can be expanded through human efforts.

Economic planning is concerned with the effective and optimal utilization of the potential resources of an economy. This is particularly so in the context of underdeveloped countries which are striving to raise the standard of living of the masses. In fact, planning is a process aiming not merely at the best utilization of material resources but also at the development of human faculties and institutional framework suitable to the needs and aspirations of the people.

The establishment of Planning Commission in 1950 heralded a new era in the economic history of India. It makes an assessment of the material, capital and human resources of the country, including technical personnel, and investigates the possibilities of augmenting such of these resources as are found to be deficient in relation to the nation’s requirements. It, then, formulates a Plan for the most effective and balanced utilization of the country’s resources. India’s First Five Year Plan was launched on April 1, 1951. Since then, ten Five year Plans have been completed and the Eleventh Five Year Plan (2007-08 to 2011-12) is underway.
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About the author

Vibha Mathur

Vibha Mathur received her M. Phil. And Ph.D. degrees from the Department of Commerce, Delhi School of Economics, University of Delhi. She has written extensively on India’s foreign trade and related areas. Dr. Mathur has already authored three books, namely India-European Union Trade Prospects and Impact of Euro; Foreign Trade of India: Policy and Developments, 1950-2000 and Trade Liberalisation and Foreign Investment in India: 1991-2001. Dr. Mathur was a visiting fellow at the European Commission and Parliament in Brussels, Belgium in May 2001. Presently, she is a Reader in the Department of Commerce, Jesus & Mary College, University of Delhi.

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Bibliographic information

Title India: Sixty Years of Planned Economic Development, 1950 to 2010
Format Hardcover
Date published: 01.01.2010
Edition 1st ed.
Language: English
isbn 9788177082456
length lii+416p., Tables; Bibliography; Index; 25cm.