A.5. Issues Related to Economic Planning
- The need for planning is essential. Decentralized planning is still in its early stages of development.
- The Planning Commission is not a legal entity. It has taken over the function of the Finance Commission.
- Frequently, the planning commission is unable to appreciate the reality on the ground. Unrealistic data about the poverty line, for example.
- The reach of centralized planning may be limited on the peripheral.
- Alliance politics have an impact on planning.
- It’s not easy to plan for a population of 125 million people who are all different.
- There are a limited number of resources and funding accessible.
- There is a scarcity of visionary leadership and technological know-how.
- There is no suitable monetary mechanism in place to monitor the plan’s implementation.
- India has not been able to entirely eradicate poverty despite more than sixty years of planning.
- Despite increased wealth and output, India’s employment situation has remained stagnant.
- In India, widespread corruption in many government offices is a major source of concern. The average person has a difficult time getting things done without paying bribes.