APPSC Group-1 Paper 3 study material

Introduction to Indian Economy

It is a popular belief that Economics only deals with money. What we are going to learn in the next few days is that – the popular belief is false. Economics is about making choices in the presence of scarcity. Take a small

Indian Economy for competitive exams

PLANNINGS

Economic Planning:

• Economic Planning means “It is an outline or broad statement of schemes on programs designed to realize certain pre-determined economic objectives, in a particular order of priorities, according to a strategy within a specified period of time is called Economic Planning.” If the government fallows the plans for the development of economy is called plan policy.


• USSR (Russia) was the first country introduced planning in the world in 1920.