Hi aspirant,

Economic planning has always been one of the key features of Indian economy involving both public and private players. However, there are different types of planning exercised by the Indian economy.

• Planning by Direction - More exercised in a socialist economy where there is a complete absence of laissez-faire. It is a comprehensive plan with only one central authority overseeing the whole economy.
• Planning by Inducement - More exercised in a democratic economy where there is a freedom of choice. However, there will be state controlled regulations.
• Physical planning - Allocation of resources by assessing the total real resources. In simpler words, resources are allocated in terms of the manpower and materials available.
• Financial planning - Resources are allocated in terms of money.
• Perspective planning - Planning for long periods namely 15, 20, 25 years.
• Annual planning - Planning done for a single financial year.
• Indicative planning - A flexible type of planning which was adopted form the French system of planning where planning is based on decentralization and the establishment of national plans.
• Imperative planning - A rigid form of planning where it is controlled by a single centralized authority.
• Centralized planning - Planning is done by a central planning authority
• Decentralized planning - Planning is done and executed through different levels of the economy - from grass root level to the whole economy.
• Rolling plan - Every year, three new plans are finalized and executed.
• Fixed plan - A plan is fixed for a couple of years - two, three or four.
• Democratic planning - Executed in a democratic economy where people are incorporated in every step of the plan.
• Totalitarian planning - Planning discussed, done and implemented by the central authority where people has no say in it.

India has adopted an indicative, decentralized planning.

Hope this helps!

I don't know in which subject matter you are asking the same question. I am providing you the basic information about India's planning commission 2020. In this the following planning resolutions are taken, this are:

• Planning by Direction.
• Planning by Inducement.
• Financial Planning.
• Physical Planning.
• Perspective Planning.
• Indicative Planning.
• Imperative Planning.
• Rolling Plan.

If you don't get you answer, then please repost your question in a more elaborative way, so that we can understand in which area you are asking about and can provide you all the information required.

Have a great day!