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Economics-CBSE-class-11-NCERT-solutions-->View question

Why should plans have goals? - Economics CBSE class 11 ncert

Book: Indian Economic Development
Chapter 2: Indian Economy 1950-1990
 (NCERT textbook questions)


Asked On2017-07-14 09:04:45 by:Aparna-Dasgupta

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In India, there are limited resources to fulfil unlimited wants. So, it was very important for planners to have specific goals for a specific period. Planners had to determine specific and general goals to allocate scarce resources in an optimum manner. Goals are the ultimate targets to ensure successful plans. The goals of five year plans were growth, modernisation, equity and self-reliance. All plans have specific targets so that work can be done more efficiently and is accomplished on a priority within the specific period of time. If a plan has no specific goal, then the plan would be directionless and will lead to wastage of resources in an economy. Hence, plans should specify goals to be achieved within a definite period.

Answerd on:2017-07-17 Answerd By:milan-ransingh

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