The correct Answer is 1, 2, 3 and 4
Explanation
The goals of planning in India's economic development framework encompass several key objectives aimed at achieving comprehensive societal and economic progress. These goals are interconnected and collectively contribute to the nation's overall development strategy.
Statement-wise Analysis
- Growth: Correct
Economic growth is typically measured by the increase in the country's Gross Domestic Product (GDP). A higher GDP indicates a larger volume of goods and services produced in the economy, signifying economic expansion. - Modernisation: Correct
Modernisation involves the adoption of new technologies in production processes to increase output and efficiency. It also includes social changes such as the empowerment of women and the reduction of traditional social hierarchies, which contribute to a more progressive and equitable society. - Self-reliance: Correct
Self-reliance, particularly in the context of India's early planning, aimed at reducing dependence on foreign countries for essential goods, especially food grains and industrial products. This involved promoting domestic production to avoid imports of goods that could be produced within the country. - Equity: Correct
Equity as a planning goal focuses on ensuring that the benefits of economic growth are distributed fairly among all sections of society. This includes policies designed to reduce income disparities and ensure that the poor and marginalized sections also benefit from development initiatives.
Key Takeaway
The core goals of economic planning in India include growth (increase in GDP), modernisation (technological and social advancement), self-reliance (reducing import dependence), and equity (fair distribution of benefits).