Monday, August 25, 2014

Requiem for the Planning Commission

.............The gradual rise of the market economy progressively undermined the need for a planned economy. Not surprisingly, the Commission moved away from planning outcomes to indicative planning. However, along the way, the Commission evolved as the secretariat for the National Development Council, the apex body for cementing centre-state relations. And this function is very much relevant today, especially with a second round of economic reforms to be led by the states.............


No comments: