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Economic Planning in India: Did We Throw the Baby Out with the Bathwater?

Author

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  • Ajay Chhibber

    (George Washington University)

Abstract

India has a long and a somewhat checkered history of planning - with some success but also many failures. Despite India's federal structure India's approach to planning has been top-down with the union government controlling many levers - financial and otherwise to determine the direction of the economy and social programs. India has tried 3 different types of planning - "directed planning", "indicative planning" and now just a "strategy but no planning". India needed to replace the Planning Commission but not give up on planning altogether. Just as the rest of the world was going back to a "new planning" surge to handle climate change and the desire to meet the SDG's India abolished planning altogether. The successor to the planning commission - the Niti Aayog needs to get back to "new planning", that is now being adopted by many countries with stronger leadership, a legitimized authorizing environment and effective use to plan for helping India achieve the SDGs by 2030 and become a prosperous country by 2047.

Suggested Citation

  • Ajay Chhibber, 2022. "Economic Planning in India: Did We Throw the Baby Out with the Bathwater?," Working Papers 2022-03, The George Washington University, Institute for International Economic Policy.
    • Handle: RePEc:gwi:wpaper:2022-03
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    File URL: https://www2.gwu.edu/~iiep/assets/docs/papers/2022WP/ChhibberIIEP2022-03.pdf
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    Cited by:

    1. Purushothaman Venkatesan & Nilakandan Sivaramane & Bharat Shankar Sontakki & Ch. Srinivasa Rao & Ved Prakash Chahal & Ashok Kumar Singh & P. Sethuraman Sivakumar & Prabhukumar Seetharaman & Bommu Kaly, 2023. "Aligning Agricultural Research and Extension for Sustainable Development Goals in India: A Case of Farmer FIRST Programme," Sustainability, MDPI, vol. 15(3), pages 1-15, January.

    More about this item

    Keywords

    Economic Planning; Niti Aayog; Planning Commission; SDG's;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy

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