it is easier to achieve targets in imperative type of planning

in the case of imperative planning, all economic activities belong to public sector, while in the other type they belong to the private sector.

in the case of the imperative planning, the market mechanism is entirely replaced by a command hierarchy, while in the case of indicative planning, it is looked upon as a way to improve the functioning of the market system

in the case of indicative planning, there is no need to nationalize any industry

The vast quantity of capital already deployed in the public sector needs to be nurtured.

The market economy is mainly confined to industry and commerce, and central planning in agriculture is necessary.

It is a constitutional requirement.

Five Year Plans can continue to provide a long-term perspective to the economy in market friendly fashions.

Rolling Plan

Annual Plan

Indicative Plan

Collective Plan

sick industries

Sales tax

Income tax

Banks

National Research Development Corporation

National Institute of Rural Development

National Scheduled Castes and Scheduled Tribes Finance and Development Corporation

National Bank For Agriculture and Rural Development