Hii experts PLZ answer fast EXPLAIN increase in GDP (the main objective of five year plan i
Dear student,
Increase in GDP over time (economic growth) is one of the important objectives of five year plans in India. With planning the economy aims at increasing the overall production capacity. It is believed that with increase in the production capacity the level of income in the economy increases, which in turn benefits the economy at large. So, increase in GDP is one of he top priority of the planners.
Increase in GDP over time (economic growth) is one of the important objectives of five year plans in India. With planning the economy aims at increasing the overall production capacity. It is believed that with increase in the production capacity the level of income in the economy increases, which in turn benefits the economy at large. So, increase in GDP is one of he top priority of the planners.