Page 386 - DECO502_INDIAN_ECONOMIC_POLICY_ENGLISH

Indian Economic Policy

Notes 30.4 Key-Words

1. Participation : Engagement: the act of sharing in the activities of a group; "the teacher tried to
increase his students' engagement in class
2. Panchayati Raj : The Panchayat is a South Asian political system. 'Panchayat' literally means
assembly (yat) of five (panch) wise and respected elders chosen and accepted
by the village community. Traditionally, these assemblies settled disputes
between individuals and villages. Modern Indian government has decentralised
several administrative functions to the village level, empowering elected gram
panchayats. Gram panchayats are not to be confused with the unelected khap
panchayats (or caste panchayats) found in some parts of India.
30.5 Review Questions

1. Do you think that decentralisation is better alternative to buruaucracy in effective implementation
of economic policy ?
2. “An effective delivery system has to ensure People’s participation” Comment.
Answers: Self-Assessment
1. (i)(c) (ii)(b) (iii)(c) (iv)(c) (v)(c)
(vi)(c) (vii)(d)

30.6 Further Readings

1. Indian Economy; Gaurav Datt and Aswani Mahajan; S. Chand and Company
LTD. Ram Nagar, New Delhi-110055.
2. The Indian Economy; S.K. Ray; Prentic, Hall of India Private Limited
New Delhi - 110001.

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