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Download - The India Economy Review

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P LANNING P ARADIGM<br />

In the State of<br />

Cryptobiosis<br />

<strong>The</strong> current model of Planning Commission is quite<br />

obsolete and with emergence of market economy,<br />

the country needs a new commission with new<br />

roles — a cross-country analysis on how the<br />

commissions have changed worldwide with change<br />

in economic model<br />

Sray Agarwal<br />

Deputy Editor,<br />

<strong>The</strong> IIPM Think Tank,<br />

New Delhi<br />

Abrand new round of introspection<br />

seems to have<br />

started at the Yojna Bhavan.<br />

<strong>The</strong> Planning Commission<br />

was incepted with an aim of fuelling<br />

and catalyzing (at least with economic<br />

plans, if not with execution) growth and<br />

development plans of <strong>India</strong>; it is now fi nding<br />

the need for refurbishing itself. Since<br />

the beginning it has been a non-political<br />

body having members inducted from intellectual<br />

capital of <strong>India</strong>. It obviously<br />

played a vital role during pre-liberalization<br />

phase and subsequently during the<br />

90s. However, the role had started diminishing.<br />

With <strong>India</strong> gradually metamorphosing<br />

itself into a market driven econ-<br />

8 THE IIPM THINK TANK

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