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P LANNING P ARADIGM It is a moot question whether the Commission can be transformed into a Systems Reform Commission This has long term implications for In- dia’s teaming millions and brings into focus the issue of “measurable growth and meaningful growth”. The Indian economy whose production base was broadened and increased by rise in demand from domestic consumers, during the fi rst four decades of planned development has certainly received increased trade benefi ts from the external orientation of policy and programmes in the recent years. Along with these benefi ts came the unavoidable impact of global fi nancial meltdown in 2008-09. While the nation benefi ted from the circumspect policies pursued in capital account and current account convertibility in moderat- ing the impact of fi nancial melt down, the downturn in major economies has certainly affected trade and is now having a lagged effect on domestic employment and income growth. This should be kept in view while we discuss measures to sustain high growth rate in the economy and consider steps to protect different sections of society. Conclusions While the sharp increase in the plan outlays at the centre and the states have become noticeable, there is continuing concern over the issues of equity in redistribution of resources and effi ciency in utilization of resources, particularly, in determining the respective shares of various states in federal transfers. Public Finance analysts have pointed out that resolving tension between equity and effi ciency is a fundamental challenge in 66 THE IIPM THINK TANK public policy. In the federal context, this creates a dilemma for those interested in the task of adjucating the transfer of federal funds to the states. What is signifi cant and should not be missed by any one is that in India, the pressures of economic growth and fi nancial management are inextricably intertwined with social and political objectives of governance. Rate of growth is to be assessed along with its quality, and distribution equity. That has been the sheet anchor of our development planning. Reiterating this, in his address to the nation on June 25th 2004, the Prime Minister Dr. Manmohan Singh had observed that “Equity and effi ciency are complementary, not contradictory, and we must move forward on both these, while maintaining a high degree of fi scal and fi nancial discipline and a robust external, economic profi le”. The Prime Minister also observed that “at a regional level the disparities are high and while some regions of the country seem to be on an accelerating growth path, there is a concern that other regions are not only lacking but are also falling behind” and that “as a nation we cannot accept such disparities”. Makeover of Planning Commission? Given the benefi t of experience of formulation and implementation of development plans of over six decades, we should be ready to consider various suggestions for a makeover of the Planning Commission, in so far as its contribution to the sustained and inclusive growth of the economy. It is however a moot question whether the Planning Commission can be transformed into a Systems Reform Commission for resolving the extant systemic problems as proposed by some. For one thing the Planning Commission as it is constituted now, lacks statutory stature and its present composition with a dominance of Delhi based and Union centric economists and bureaucrats does not lend it much credibility. On the other hand there are genuine apprehensions among States regarding the content and quality of its prescriptions. This in itself may be a good ground for the makeover of the Planning Commission. However timing acquires signifi cance. At a time when questions are raised about the domains of the Constitutionally empowered Judiciary the Legislature and Executive and there is an overhang of uncertainty, the scope for Planning Commission to metamorphose itself into a Systems Reform Commission must be considered limited, unless the nation is got prepared and ready to effect Constitutional amendments. That does not appear to be visible on the horizon. (The views expressed in the write-up are personal and do not reflect the offi cial policy or position of the organization.)
P LANNING LA LANNI NNING NG P ARADIGM AR ARADI ADIGM GM 68 THE IIPM THI TH THI TH TTHINK HI H I NK N K TANK
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THE INDIA ECONOMY REVIEW Volume VII
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IIPM: THE FUTURE IS HERE Since its
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CREDITS Founder Dr. M. K. Chaudhuri
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P LANNING P ARADIGM In the State of
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P LANNING P ARADIGM Almost all wond
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P LANNING P ARADIGM Central Agency
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Page 15 and 16: P LANNING P ARADIGM The Complexity
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Page 21 and 22: crises. This note contends that the
Page 23 and 24: proximately 25% of the then global
Page 25 and 26: process of economic growth. Newly d
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Page 31 and 32: in such times. The other institutio
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Page 39 and 40: I NTEGRATED PLANNING The experience
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P LANNING P ARADIGM 118 THE IIPM TH
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P LANNING P ARADIGM out of its reve
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P LANNING P ARADIGM Also, a good nu
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P LANNING P ARADIGM 124 THE IIPM TH
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P LANNING P ARADIGM sectors which a
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P LANNING P ARADIGM concurrent resp
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P LANNING P ARADIGM Is Big Dam a Pl
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P LANNING P ARADIGM dams in Arunach
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P LANNING P ARADIGM to enter on the
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P LANNING P ARADIGM Where's Natural
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P LANNING P ARADIGM tions there are
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P LANNING P ARADIGM livelihoods are
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P LANNING P ARADIGM Plundered Histo
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P LANNING P ARADIGM hierarchy of th
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P LANNING P ARADIGM the trend. Faul
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P LANNING P ARADIGM were employed.
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P LANNING P ARADIGM cies the govern
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P LANNING P ARADIGM the electricity
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P LANNING P ARADIGM start when cont
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P LANNING P ARADIGM Durg district.
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P LANNING P ARADIGM major provision
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P LANNING P ARADIGM image of their
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THE HUMAN FACTOR OTHER IIPM JOURNAL
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“Thank you very much for sending
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