A question frequently asked today is whether planning has any relevance in a world of economic liberalization and the market economy. The short answer is that it does, but not the kind of planning we practised in the past which derived its rationale from the belief that centralized control on resource allocation, with extensive intervention in private sector decision-making, was necessary to achieve rapid growth.
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Links:
[1] http://admin.indiaenvironmentportal.org.in/feature-article/planning-then-and-now
[2] http://admin.indiaenvironmentportal.org.in/category/author/montek-singh-ahluwalia
[3] http://admin.indiaenvironmentportal.org.in/category/journal/seminar
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economy
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economic-development
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/indian-planning
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/planning-commission
