Economics · Economic Planning in India
What was the primary objective of introducing the 'Gadgil Formula' in Indian economic planning?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To distribute financial resources solely based on the state's gross exports.
- 2To provide equal flat financial financial grants to all regions regardless of population.
- 3To completely prioritize industrial growth over agrarian growth across all states.
- 4To determine the allocation of central plan assistance among the states in India.✓
Correct answer
To determine the allocation of central plan assistance among the states in India.
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