Planning is sinequa non for any economy to progress , But the essence of planning is to have adequate data base to project the future and aim at achieving the projections with convincing policies and their executions with intensive monitoring, supervision and follow up. The money spent on planning should not go waste as has happened all these years with planning commission. The build up of accurate data on employment, creation of productive assets, distribution of income,etc needs special attention and effort and optimum use of IT resources to cature data has to be ensured. The planning without accurate data on important parameters is akin to draw picture on water and wasting the resources for nothing.
Dr.T.V.Gopalakrishnan
(This comment appeared in Business Line dated 2/6/14)
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