Role of Planning Commission

1. Lifting India and Indians out of poverty, and building a modem technical and industrial base were among the major objectives of the new commission.

2. A broad agreement was reached on “mixed economy” model.

3. In mixed economy, both the State and the private sector would play important and complementary roles in increasing production and generating jobs.

4. These roles were:

• Which industries should be initiated by the state.
• Which industries by the market.
• How to achieve a balance between the different regions and states.

5. Roles of state and private sectors were to be defined by the Planning Commission.

6. To make 5-year plans.