Who Gave The Concept Of Rolling Plan?


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Jack Buckby answered
The concept of a rolling plan was introduced buy Indira Gandhi.

  • Benefits of a rolling plan
When a plan has been joined with recurring changes then it will actually create an air of uncertainty on the private sector and pubic sector - it doesn't matter. Both of the sectors will continue to be unsure of one another's responses. The public sector will not know how the private sector will start behaving once projections of the plan begin to be made, and vary from year to year. Furthermore, the question of how the government sector will respond as a result of the behavior of private companies lingers.

Hence, the uncertainty that is attached with the plan will become an anti-thesis of planning. The uncertainty will eventually get rid of any long term investment decisions. Rolling plans can stop this.

Rolling plans are actually put in place in order to make all of the planners more 'timid' and 'cowardly'. Given that rolling plans are very much adhered to change and revisions, planners will always be reluctant to take radical decisions.

Whenever these situations arrive in an economy, the easier course becomes evident and this is the revision of the targets of the plan. Many people believe that is the plan is revised every year then there is no real point in planning.

Rolling plans do not have any kind of commitment to the plans, or planning process. The continually changing character of a plan is the same as the mechanical projection exercises. Furthermore, as there is no certainty attached to the plans then the enthusiasm on the part of the administrative and planning machinery will be practically nonexistent.

For more information you can search for information about the National government at the time of Indira Gandhi.

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