EFFICIENCY EFFECT OF DEVELOPMENT PROGRAMME DOES NOT SATISFY THE REDISTRIBUTING EFFECT EQUALLY
Topic: EFFICIENCY EFFECT OF DEVELOPMENT PROGRAMME DOES NOT SATISFY THE REDISTRIBUTINGEFFECT EQUALLY .Group: Aditya a. Pungavkar.Basudutta Sarkar.Muraly T.V.Amol S. Holey.
Efficiency is ‘
doing the thing right
it defines whether the developments are completed
usingthe least resources, in the shortest time possible and for benefit of the people.
Effectiveness means conducting the right activities and applying the best strategies forcompetitive advantage.
Efficiency vs. equity:
Efficiency means that society is getting the most it can from its scarce resources. A moreefficient society can produce more with the same amount of resources. Equity meansthat the resources are distributed fairly among the individuals.
When government designs its policies, society is making use of its
and alsothe outcome is
among the citizens.
It is seen in
that in some cases the beurocrats of the society are enjoyingthe benefits and the benefits are not coming to the common people in the same way.
Basics of Indian economic models after independence
The basic Indian economy was low input agrarian economy
Not capable of yielding much of surplus
Way we choose for development was intensification of agriculture, irrigation,industrialisation of large resources like petroleum, coal, hydro-electric power, steel,cement mostly to promote manufacturing sector.
The basic soviet model involves the mocking up the rural or country side areasand setting up the large industries. The model involves the direct intervention of state or nationbut the system involved various flaws Mr Jawaharlal Nehru could realise those and whilefollowing the model in India he allowed the participation of private sector. This decision
worked out because the private sector has basic priciles like more profit in less investment.