Assessment of the Rolling Plan
The Rolling Plan consists of three kinds of plans that were proposed.
- The first plan was for the current year which comprised the annual budget.
- The second plan was for a fixed number of years, such as for 3, 4, or 5 years, and kept changing as per the requirements of the economy.
- The third plan was a prospective plan for 10- 20 years, with no dates of commencement and end.
The main advantage of the Rolling Plan was that they were flexible and were able to overcome the rigidity of fixed five-year plans. They changed and mended targets, projections, allocations, the objectives as per the needs and requirements of the Indian Economy. Whereas, the main disadvantage associated with this plan was that if the targets were revised every year, it would have become difficult to achieve them, pertaining to the complex administrative system of the country.
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