ECONOMY OF INDIA
The post independence period of economy of Indiawas a litmus test for the economic planners.Having come out of the shadow of colonial rule,the nation had a huge challenge of undoing theexploitation of colonial era. The founding fathershad to use economic upliftment as a tool for nationbuilding. The economy then was backward innature.
India resorted to economic planning by the way offive year plans for economic development.