Planning in India drew on

Planning in India was significantly influenced by the Fabian Socialism of Sidney and Beatrice Webb. Fabianism advocated for a gradualist, democratic transition to socialism through state-led reforms and expert-driven administration, which resonated with India's first Prime Minister, Jawaharlal Nehru. While India adopted the Five-Year Plan model from the USSR [4], the underlying ideological framework for its 'socialistic pattern of society' was rooted in Fabian principles rather than the revolutionary New Economic Policy (NEP) of Lenin. The Webbs' focus on social welfare, state control of key industries, and the use of a Planning Commission to ensure resource mobilization and efficient allocation [2] provided the intellectual blueprint for India's mixed economy. This approach sought to achieve social justice and poverty eradication through democratic institutions and centralized planning [4].

Sources

1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 6: Economic Planning in India > ECONOMIC PLANNING IN INDIA > p. 133
2. [3] History , class XII (Tamilnadu state board 2024 ed.) > Chapter 9: Envisioning a New Socio-Economic Order > 9.4 Five Year Plans > p. 124
3. [4] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 6: Indian Economy [1947 – 2014] > Five Year Plans > p. 223
4. [2] Rajiv Ahir. A Brief History of Modern India (2019 ed.). SPECTRUM. > Chapter 39: After Nehru... > Fourth Five-Year Plan > p. 691