📘 Economic Models Used in Indian Five-Year Plans Five-Year Plan Year Economic Model Used Key Features / Focus 1st Plan 1951–1956 Harrod-Domar Model Focus on agriculture, irrigation, and price stability 2nd Plan 1956–1961 Ne…
ChatGPT said: 📘 Economic Planning in India – Summary Notes ✅ Definition Economic Planning : A process where a central authority (like the government) plans and controls economic activities to achieve certain goals (growth, equ…
Inclusive Growth – Short Notes ✅ Definition Inclusive Growth means economic growth that is sustainable , broad-based , and benefits all sections of society — especially the poor , marginalized , and rural population . …