Economic Planning in Practice: Indian Experience and NITI Aayog

International Journal of Humanities and Social Science

© 2023 by SSRG - IJHSS Journal

Volume 10 Issue 3

Year of Publication : 2023

Authors : Nalin Ranjan

10.14445/23942703/IJHSS-V10I3P106

How to Cite?

Nalin Ranjan, "Economic Planning in Practice: Indian Experience and NITI Aayog," SSRG International Journal of Humanities and Social Science, vol. 10,  no. 3, pp. 35-43, 2023. Crossref, https://doi.org/10.14445/23942703/IJHSS-V10I3P106

Abstract:

The idea of economic planning has again found takers on the global stage, especially in the wake of UN Agenda 30 and the pursuit of Sustainable Development Goals (SDGs). India also revamped its planning machinery in 2015 and established NITI (National Institute of Transforming India) Aayog. In the wake of these developments, it will be relevant to have a relook at the history of ideas and experience related to Indian economic planning. The article first discusses the ideas of planning in India before the 1950s and then goes on to discuss major planning models for Indian plans. After relooking at the ideas and models of planning in India, the paper presents critical reflections on the Indian experience of economic planning and discusses the role of NITI Aayog. Drawing on Adolph Lowe’s method of instrumental inference, it is argued that successful SDG planning needs a decentralized orientation to establish successful controls to achieve the desired planning goals.

Keywords:

Planning, Sustainable Development Goals, NITI Aayog, Decentralized planning, Instrumental inference, India.

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