Objectives of Indian Planning

Four long term objectives were set out by the planners in India. They were :
a) to increase production to the maximum possible extent so as to achieve higher level of national and per capita income;
b) to achieve full employment;
c) to reduce inequities of income and wealth;
d) to set up a socialist society based on equality and justice and absence of exploitation.
Change of objectives in different Plans:
Phase I: 1950-1965: Growth-objective: Capital First Strategy or Mahalanobis Strategy
Phase : II : 1965 – 1974: Plan Holiday and Agriculture First Strategy
Phase III: (1974 – 80) : Growth with Redistribution
Phase – IV : (1980-1990): Modernization and Outward-looking Strategy
Phase–V:(1991 onwards): Economic Liberalisation, Social and Human Development