Strategic planning for india’s development: An analytical study

This paper provides a brief history of why and how the strategy was adopted, as well as of its implementation, including the role of initial conditions, such as human capital, geographical location and infrastructure. It analyses the extent and reasons for success of the strategy including policy, political economy, timing and linkage of the strategy to economy-wide development. Particular attention is given to the relative roles of domestic and international actors, including the part played by foreign investment, trade and other dimensions of openness. This paper examines India’s development strategy and to what extent it may be considered a success. The paper considers the extent to which the strategy remains viable for the future, the challenges still faced and what other strategies might be required. It concludes with possible lessons for other countries and their future development strategies.