This research investigates the discrepancies between planned economic targets and actual growth rates in India across various Five-Year Plans from 1951 to 2012. Despite rigorous financial planning, significant variances have been observed, prompting an examination of the underlying socioeconomic and political factors. Using a mixed-methods approach, the study quantitatively analyses historical economic data and qualitatively assesses literature and policy documents to understand these variances. The findings aim to provide insights into the effectiveness of monetary planning, highlight critical determinants of growth, and inform future policy-making and strategic planning efforts. This research seeks to enhance our understanding of economic development patterns in India through comprehensive data analysis.
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Biswas et al. (2024) studied this question.