What are the causes of limited success of planning in India? Explain.
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There were many causes of planning in India meeting with limited success like:
- Performance of many public sector enterprises were far from satisfactory. They were at times unduly protected. This led to the birth of inefficient monopolies which inflicted more harm than good.
- Domestic producers, in the name of 'self-reliance', were protected against the foreign competition.
- The prolonged protection to domestic producers as a matter of fact, killed their incentive to grow by way of upgrading and modernising their products.
- Excessive government regulation came in the way of entrepreneurship.
- Inefficient functioning of the PSU incurred huge losses, which lead to a drain on the nation's limited resources and failure of planning to some extent.
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