Probably many of you may know that when a transformation in a company is required, a vision and mission is set. India first of all should know what it want to become. Once that is set, the goal in different areas are set and the best and most economical way to achieve those goals are explored. Once that is done, the resources need to achieve those goals are worked out and a detail plan is drawn to allocate those fund on a long period. How to get that fund is also a challenge so prioritization of allocation is done. So when we plan to allocate fund, a highly meticulous planning is required to get maximum out of what we spent. Economic planning is difficult compared to financial planning as the redistribution of Income, Employment generation, foreign exchange saving etc is consideration in addition to financial aspects. If we want to make India great, we need to spend on basic things like health, water, jungles, primary education and skill development etc.
This planning is a bit difficult in democracy like us as the loan waiver of farmers is the biggest election promise in every election. If the same amount is spent in education farmers, making electricity available etc., the farmer's problem can be solved.