<P> State development planning or national planning refers to macroeconomic policies and financial planning conducted by governments to stabilize the market or promote economic growth in market - based economies . This involves the use of monetary policy , industrial policy and fiscal policy to `` steer '' the market toward targeted outcomes . Industrial policy includes government taking measures `` aimed at improving the competitiveness and capabilities of domestic firms and promoting structural transformation . '' </P>
<P> State development planning or national planning refers to macroeconomic policies and financial planning conducted by governments to stabilize the market or promote economic growth in market - based economies . This involves the use of monetary policy , industrial policy and fiscal policy to `` steer '' the market toward targeted outcomes . Industrial policy includes government taking measures `` aimed at improving the competitiveness and capabilities of domestic firms and promoting structural transformation . '' </P>
the basic aim of economic planning in india is promoting
the basic aim of economic planning in india is promoting
economic growth in market - based economies
economic growth in market - based economies