ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Hindustan Lever

 however, fulfilled these hopes. In the present overstrained economic conditions, serious doubts arise about the ability of the economy to raise the resources for the Plan. The present approach to planning sets more store by the size of the outlay than by its ability to produce results. There are two main drawbacks in this approach, according to G L Mehta: First, once it becomes evident that the task is not likely to be fulfilled, it has a demoralising effect on the people. Secondly, an over-ambitious plan always leads to de facto prunning in the end, as constraints begin to make themselves felt. Such pruning inevitably leads to infructuous initial expenditure and, subsequently, to haphazard exclusion of schemes.

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