Planning Commission was established in 1950 to formulate and implement economic plans for the development and growth of the country. The organisation was responsible for the implementation of five-year plans and other economic plans for accelerating the economic development of the country through rudimentary planning.
The main functions of the organisation are:
- To assess and quantify the material, capital and human resource in the country.
- To formulate and implement plans for the balanced and efficient utilisation of resources.
- To analyse the factors that slow down economic growth.
- To evaluate the progress on the implementation of the plans.
- To give necessary recommendations and suggestions for the successful completion of the plans.
The main findings of the Planning Commission about the economy are:
- The study conducted by the Planning Commission predicted that nearly 20 lakh jobs can be created exclusively in the education sector. The same is the case with the health sector. This is the case, especially in rural areas.
- The income and employment can be increased in every state and region. Tourism, regional craft industry or other service sector development can contribute to this growth. This can be done through proper planning and funding from the government.
- The study piloted by the Planning Commission states that if the tourism sector is developed, additional employment of nearly more than 35 lakh can be created every year.
