The planning system is an important business environment because direction of development pattern of the various sector and the relative priorities with each factor are determined by five year plan following the economic liberalisation a shift in the planning strategy has taken place in the path planning envisaged a dominant role for public sector with massive investment in basic and heavy industry since the eighth plan the private sector begin to gain greater significance and from a highly centralised planning system we are gradually moving toward indicated planning the planning commission was constituted in March 1950 by a resolution of the Government of India and it worked under the overall guidance of the National Development Council the planning commission consult the central ministry and the state government while formulating five year plan and annual plan and also oversee their implementation the commission also function as an advisory planning body at the apex level.
functions of Planning Commission
- assessment of the material capital human resources of the country including technical personal and formulation of proposal for argument in search of these resources are found to be deficient
- formulation of plan for the most effective and balanced utilisation of the country resources
- definition of stages in which the plant should be carried out on determination of priorities allocation of resources for completion of each stage
- determination of the nature of machinery in necessary for the implementation of the plants in all its aspects
- identifying the factors which are pending to related economic development and determine the condition which in view of current social and political situation should be established for the successful execution of the plan,
- appraise from time to time the progress achieved in the execution of his each stage of the plan and recommend adjustment of policies and measures that such appraisal may show to be necessar
- public cooperation in national development
- specific program for area development notified from time to time
- perspective planning
- Institute of applied manpower research
- servicing the National Commission on population
the planning commission functions to several subject matter division and a few specialist division is division is headed by a senior officer of the level of joint secretary or additional secretary designated as an advisor or by a secretary level officer designated as a principal advisor
