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. The principal reason why national economic planning is
still being pursued inspite of embracing a market economy
since 1991 is that
(a) It is a constitutional requirement
(b) The vast quantity of capital already deployed in the
public sector needs to be nurtured
(c) Five Year Plans can continue to provide a long-term
perspective to the economy in market-friendly fashions.
(d) The market economy is mainly confined to industry and
commerce, and central planning in agriculture is necessary
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(c) Five Year Plans can continue to provide a long-term
perspective to the economy in market-friendly fashions.
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UPSC 
