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