Why did India opt for planning? from Economics Indian Economy 1
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Why should plans have goals?


Plans should have goals so that it can be achieved within a specified period of time. In India, plans are of five years duration and are called five years plans.

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What is marketable surplus?


Marketable seeds are high yielding variety of seeds. They are helpful in increasing the production of food-grains. The use of these seeds requires the use of fertilizers, pesticides (in correct quantity) and regular supply of water.

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Why did India opt for planning?


India opted for planning because planning helps in sorting out how the resources of a nation should be put to use efficiently and economically so that the rate of economic development can be accelerated.

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What are High Yielding Variety (HYV) seeds?


Miracle seeds or High Yielding Variety (HVYS) Seeds are helpful in increasing the production of food grains. The use of these seeds require the use of fertilizers and pesticides in the correct quantities as well as regular supply of water.

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Define a plan?


A plan spells out how the resources of a nation should be put to use. A plan should have some general goals and specific objectives which are to be achieved within a specified period of time. Our plan documents not only specify the objectives to be attained in the five years of a plan but also what is to be achieved over a period of twenty years. This long-term plan is called perspective plan.

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