Planning Commission - Annual Report 1993-94

Abstract

The Economy has consolidated itself in the initial years of Eighth Five Year Plan. Fiscal crisis having been managed, the focus of attention now returns to development. The years of crisis also brought in the realisation that planning needs a reorientation. The Eighth Plan places special emphasis on private entreprenership, people's initiative and participatory development. In 1993- 94, the second year of Eighth Plan, the long term developmental issues that need to be addressed through the process of investment planning and public policy have got even more sharply demarcated from those which should be pursued through market processes in the economy.