Planning Commission

India adopts the path of development of the social aspect of the Indian economy with multiple controlling measures and facilities. The planning commission is one such measure established to manage India’s social and economic development as per the requirement. The development system in India runs with a definite method of a five years plan. Many aspects are included in this planning which is considerably a needful step for the economic development of India, including its assessment and variation for the next term.  

Planning Commission: Definition 

The planning commission of India was established in 1950 by the government of India. The five-year plans are the formulated idea of the planning commission to introduce development in various country segments as per the requirement. Planning commissions do not attain a statuary stand in the constitution of India or the parliamentary regulations. But with adequate planning and developmental ideologies, it has attained a virtue to work as the parallel governmental body. 

In the planning commission, Prime Minister is always active as the chairman of the planning commission executing and passing all the five-year plans to run under their supervision. The deputy chairman officer from a specific government department is appointed on a requirement basis. The Finance Minister is also an integral part of the planning commission and supervises as the ex-socio member of the commission and manages the allotment of finances for specific five-year plans. Other ministers are also part of the planning commission of India and work in the required segment of the planning commission. 

Objectives Of Planning Commission Of India

There are specific objectives of the planning commission of India that function accordingly to follow and fulfil them. All the objectives here connect to the socio-economic development of India. Below is the description listing the primary functional objectives of the planning commission and their direction for the development aspects. Let’s have a look:

• Elevate The Income Standards, Productivity, And Employment Ratio: 

It is the significant aspect that the planning commission plans with government, semi-government, and private business entities. The growth of the business in India on the national level will eventually impact the country’s economy. It also provides the basic income-generating scope to the unemployed individuals of India, which collectively increases the living standards and productivity in any business field simultaneously. 

• Balancing The Difference In Rich And Poor Population Of Country:

India is always located for its economic inequality among its citizens. The planning commission ideologies relate to minimising the difference between the rich and poor population of the country. It develops specific plans and schemes on a broad scale where everyone must attain the necessities of living and a permanent income generating mode. 

• Allocating The Necessary Resources:

The planning commission has the power to allocate the budget for certain reforming and developing movements and schemes. It also allocates the ratio for access to the resources present in the country. This power comes with the prior responsibility to secure the resources as they are necessary for the future development and economy of the country. 

Resources here include human resources, natural resources, capital resources etc. It is the prime responsibility of the planning commission of India to supervise whether the use of the allocated resources is taking place in an ideal manner or not. Resource allocations are done to the state government for specific development programs like irrigation, poverty, transportation, education, child welfare, etc. 

• Identifying The Obstructing Factors In Development Programs:

The planning commission’s focus is also on the aspects that are constantly hindering the development and welfare programs of the government. Under the supervision and guidance of the chairman of the planning commission, the aim is to shortlist the factors responsible for certain aspects. 

These factors include poor population ratio, low education rate, lowering girl child ratio, and other such aspects that directly impact India’s economic growth. Getting a brief data and record for all such factors, the development schemes and programs are prepared for constant growth of the economy with simultaneous benefits to the citizens of India. 

Essential Requirement Of Planning Commission

There are some specific requirements of the planning commission to prepare a detailed graph for developmental programs for India. Below is the list which states the working criteria and requirements of the planning commission:

• Statistical information
• Potent administrative officials 
• The economic structure of the country 
• Favourable institutions 
• Cooperative citizens 

Conclusion

So, these are the aspects and objectives of the planning commission of India. The planning commission’s structural behaviour comprises program advisors, technical officials, secretariat officers, and advisory bodies, including India’s finance minister and prime minister. All the development schemes and programs are under the direct supervision of the prime minister of India. The business’s entities join hands for full proof support for all the development programs and schemes. The administrative power and capital management provide a supportive base to the planning commission to plan the elevating economy of India.