Achievements of Planning in India

 Achievements of Planning in India

(1):- Increase in national income is a sign of economic growth. The growth rate of national income during the five year plans has been an average of 5 per cent per annum. The increase in national income has helped in breaking the vicious circle of stagnation of the economy.

(2):- The quality of life of the people has increased due to.  increase  in per capita income. The growth rate in per capita income at constant prices during the period 1951-2016 has been around 3per cent per annum.

(3):- The rate of capital formation has increased significantly during the period of the Five Year Plans. However, this growth has not been continuous. The rate of capital formation depends on the rate of saving and investment.

(4):- During the planning period, there has been a lot of institutional and technological changes in the agriculture sector.

(5):- During this period, there has been a steady increase in agricultural production due to the use of improved varieties of seeds, fertilizers and pesticides,agricultural mechanization and technology in the agriculture sector.

(6):- The industrial sector grew significantly during the plans. Industries were diversified and modernised. The growth rate of industrial production during the plan period has been about 7 percent per annum.

(7):-There has been a significant change in the basic economic structure during the planning period. There has been a lot of development in roads, means of transport and communication, irrigation facilities, electricity supply, banking, insurance,railways etc.

(8):-Health and education facilities have developed significantly during the plan period. Life expectancy has increased. Maternal mortality rate and infant mortality rate have decreased. There has also been an increase in the number and quality of educational institutions, universities, research and research etc.New employment opportunities have also been created.