After Gaining Independence, the Next Important Step for the Indian Government Was to Revive the Poor, Backward, and Stagnant Economy, Inherited from British...
After gaining independence, the next important step for the Indian Government was to revive the poor, backward, and stagnant economy, inherited from British rule. So, for the systematic and overall development of the Indian economy, India opted for planning.
Why did India choose planning?
India opted for planning because planning helps in sorting out how the resources of a nation should be put to use efficiently and economically so that the rate of economic development can be accelerated.
ADVERTISEMENTS: Eulogising this experience of economic planning in different countries of the world, India adopted economic planning in order to overcome various economic ills faced by the country during the middle-part of the twentieth century.